General Motors' Suppliers Are Rushing to Help Make Ventilators to Fight the Coronavirus
General Motors (NYSE: GM) is putting its network of suppliers to work as it gears up to help manufacture medical ventilators, urgently needed by hospitals battling the COVID-19 coronavirus pandemic.
Crain's Detroit Business reported on Sunday that, at GM's behest, several traditional auto industry suppliers near Detroit are preparing to manufacture parts for at least 200,000 ventilators, and that manufacturing is expected to begin shortly.
Those companies include Meridian Lightweight Technologies, part of Zhejiang Wanfeng Auto Holdings, which is helping GM procure compressor parts; Myotek, a lighting manufacturer, which is set to begin making small magnesium components; and Creative Foam Corporation, which will make foam components for the ventilators, according to the report.
Source Fool.com
