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GM supplier returns massive overpayment

/ Source: The Associated Press

General Motors was supposed to send supply contractor JR Industries a check for $1,988.

Instead, GM sent 1,988 times that amount.

After several weeks, the supplier’s owner has managed to get the automaker to take back the $3.95 million overpayment.

In December, GM hired JR Industries to design and build some testing equipment.

The company shipped the equipment in late January and billed GM $1,988 on March 2.

The mistake apparently happened when a GM employee typed the figure into both the quantity and unit price columns of a billing program.