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Stock impact report

GM dispatches first batch of ventilators for COVID-19 patients [Reuters (UK)]

General Motors Company (GM) 
Last general motors company earnings: 2/5 08:05 am Check Earnings Report
US:NYSE Investor Relations: gm.com/investors/index.html
Company Research Source: Reuters
GM dispatches first batch of ventilators for COVID-19 patients - Reuters 1 Min Read (Reuters) - General Motors ( GM.N ) said on Friday it had started delivering the first batch of 54 ventilators to U.S. hospitals treating severely ill COVID-19 patients. GM said the Franciscan Health Olympia Fields hospital in Olympia Fields, Illinois, and Chicago’s Weiss Memorial Hospitals will receive shipments of 10 ventilators each via package delivery company UPS Inc ( UPS.N ) on Friday. A third shipment comprising 34 ventilators will be delivered by UPS to the U.S. Federal Emergency Management Agency at the Gary/Chicago International Airport on Saturday to be distributed at other locations. The deliveries are part of a contract awarded to GM by the U.S. Department of Health and Human Services for 30,000 ventilators by the end of August. The contract is worth $489.4 million. GM is working with ventilator firm Ventec Life Systems to produce the equipment. Reporting by Ashwini Raj and Ankit Ajme Show less Read more
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