GM searches for new supply chain after Chinese factory explosion

|By:, SA News Editor

GM (NYSE:GM) has asked Dicastal, its main Chinese supplier, to find an alternative source of components after a Zhongrong Metal Products plant exploded on Saturday killing at least 69 people and injuring approximately 200.

The Zhongrong factory made wheels that were supplied to GM through Dicastal - its tier-1 component supplier.

General Motors notes that yesterday's accident will not cause any immediate impact on its production because it currently has "sufficient inventory".