• Loading stock data...
PublicWire | Emerging Market Stock News
  •  Home
  • Technology
  • Medical
  • Energy
  • Cannabis
  • Finance
  • Retail
  • General
  • Podcast
  • Videos
  • Services
  •  Home
  • Technology
  • Medical
  • Energy
  • Cannabis
  • Finance
  • Retail
  • General
  • Podcast
  • Videos
  • Services
No Result
View All Result
PublicWire
No Result
View All Result

Home » General » GM announces the start of production of critical-care ventilators shortly after Trump’s tweets against CEO

GM announces the start of production of critical-care ventilators shortly after Trump’s tweets against CEO

Al Restar by Al Restar
March 27, 2020
in General, Medical, Technology
2 min read
35
0
General Motors and Ventec Life Systems are partnering to convert the GM Kokomo, Indiana ERC building for the production of Ventec ventilators in response to the COVID-19 pandemic.

General Motors and Ventec Life Systems are partnering to convert the GM Kokomo, Indiana ERC building for the production of Ventec ventilators in response to the COVID-19 pandemic.

General Motors and Washington-based Ventec Life Systems announced that efforts to begin production of critical-care ventilators are “already underway” and that GM is donating its resources at cost after President Donald Trump criticized the company and its officials for wanting “top dollar” for the said ventilators.

“Ventec Life Systems announced today General Motors would build VOCSN critical care ventilators at GM’s Kokomo, Indiana manufacturing facility with FDA-cleared ventilators scheduled to ship as soon as next month. This effort is in addition to Ventec taking aggressive steps to ramp up production at their manufacturing facility in Bothell, Washington,” GM said in a release.

“Across all manufacturers, there is a global backorder of critical care ventilators capable of supporting patients fighting COVID-19. The companies are adding thousands of units of new capacity with a significantly expanded supply chain capable of supporting high volume production. GM is donating its resources at cost.”

GM also said that they would also begin manufacturing FDA-cleared Level 1 surgical masks at its Warren, Michigan manufacturing facility. The statement from the company said that production would begin next week and within two weeks ramp up to 50,000 masks per day, with the potential to increase to 100,000 per day.

In a tweet, Trump criticized the company and CEO Mary Barra for failing to move quicker in producing the much-needed ventilators as they want more money for it. In a tweet, Trump said that “they want top dollar” before the automaker agrees to the deal.

“As usual with “this” General Motors, things just never seem to work out. They said they were going to give us 40,000 much-needed Ventilators, “very quickly.” Now they are saying it will only be 6000, in late April, and they want top dollar. Always a mess with Mary B. Invoke P,” the Tweet reads.

In another tweet, Trump clarified that with “Invoke P,” he meant that he is willing to invoke the Defense Production Act to compel GM and Ventec to produce the ventilators.

Shortly after Trump’s tirades, CEO Mary Barry said in a release that GM is already working together with its partner, Ventec, to addres “urgent and life-saving needs.”

“We are proud to stand with other American companies and our skilled employees to meet the needs of this global pandemic,” said Barra. “This partnership has rallied the GM enterprise and our global supply base to support Ventec, and the teams are working together with incredible passion and commitment. I am proud of this partnership as we work together to address urgent and life-saving needs.”

Al Restar

Al Restar

An idealist straight from business school who works as a content marketer, digital branding consultant, and graphic designer. Outside work, he spends his time taking care of his cacti and painting watercolors.

Related Posts

Trump Retweets Richard Grenell’s Call to Ban Microsoft from Federal Contracts
Technology

Trump Retweets Richard Grenell’s Call to Ban Microsoft from Federal Contracts

June 12, 2020
155
Regeneron buy back shares from Sanofi
Medical

Regeneron to buy back $5 billion shares from Sanofi

May 25, 2020
132
China Opposed U.S. Audit Plans
General

China Opposed U.S. Audit Plans

May 24, 2020
135
Tiktok named its new CEO Kevin Mayer
Social Media

TikTok Named Kevin Mayer as its new CEO to Lead its U.S. Operations

May 19, 2020
153
Virgin Galactic
Technology

Richard Branson to Sell More Than a Fifth of Virgin Galactic Shares

May 12, 2020
116
JetBlue gives 100,000 free flights to healthcare workers.
General

JetBlue Announces ‘JetBlue Healthcare Hero’ Program — Giving Away 100,000 Free Flights to Healthcare Workers

May 6, 2020
166
Currently Playing

Subscribe To Our Newsletter

Ad

PublicWire | Emerging Market Stock News 24/7 | Investor Relations US Stock Market

© Copyright 2020 PublicWire.com

Navigate Site

  • About
  • #96576 (no title)
  • Disclaimer
  • Watch LIVE
  • Privacy Policy
  • Terms and Services
  • Contributors

Follow Us

No Result
View All Result
  • LIVE Investor News Channel
  • Cannabis
  • Energy
  • Finance
  • General
  • Medical
  • Podcasts
  • Retail
  • Technology
  • #370 (no title)

© Copyright 2020 PublicWire.com

Login to your account below

Forgotten Password?

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Public Wire Logo

Hello please subscribe to our newsletter to get up to date news weekly!

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.