DETROIT -- General Motors has told suppliers that it will make its next monthly payment five days sooner -- on May 28 instead of June 2.
Advancing the payment will provide a financial boost for the automaker's 1,500 North American suppliers, said sources familiar with the move.
It also gets money to suppliers ahead of a possible GM bankruptcy filing at the end of May.
In a note to suppliers, GM said it took the action because of an unsettled marketplace and because its factories will be on extended shutdown this summer.
GM wrote in the note: "We are taking this action to help our suppliers."