F. George McDuffee wrote:

FWIW #2 -- standard Detroit vendor terms are now payment in 45
days after receipt of invoice. This means that the vendor has
*AT LEAST* 15% of their yearly *GROSS* income from that product
at risk, effectively making a zero interest, zero collateral
loan. Blogger information indicates that the payment times have
been gradually increasing above the 45 day standard, leading to
the assumption of a final "bust out scam" on top of the long-term
Ponzi scheme. [Why leave any money on the table?]


Don't forget how tooling and such get held out for PPAP approval and all the other games
to stretch payment. I have a feeling many vendors aging report go at least 60 days.

Wes