General Motors Responds to President Trump, Will Make Ventilators in Indiana Soon
General Motors (NYSE: GM) and hospital ventilator maker Ventec Life Systems said today that GM is preparing to mass-produce Ventec-designed ventilators at a factory in Kokomo, Indiana, and the GM-built ventilators could begin shipping in April.
GM says it is bringing back about 1,000 furloughed factory workers to build the ventilators. The Indiana factory will "quickly" ramp up to produce 10,000 ventilators per month. It can be scaled up further if needed, the companies said.
At the same time, Ventec is "taking aggressive steps" to increase ventilator production at its factory in Bothell, Washington, according to the statement.
Source Fool.com
