From liquor brands to car factories, production lines now resemble the war effort [MSNBC.com]
General Motors Company (GM)
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Source: MSNBC.com
From fashion brands to automakers to Silicon Valley tech firms, big business is stepping up to help fight the spread of the coronavirus in ways that are starting to resemble the War II effort. While President Donald Trump invoked the Defense Production Act last week to commandeer resources from business if needed General Motors announced Friday it would be collaborating with the ventilator maker Ventec Life Systems to ramp up production of respiratory care products, leveraging GM's "logistics, purchasing and manufacturing expertise," according to a joint statement by GM and Ventec. "We will continue to explore ways to help in this time of crisis," said Mary Barra, GM chairman and CEO. Ventilator makers racing to meet coronavirus demand March 20, 2020 03:49 Ford has also said it will investigate ways to produce ventilators. Tesla co-founder and CEO Elon Musk said his company would also produce ventilators, given that Tesla already builds sophisticated HVAC technology for its cars. New
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GM
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- 4/23/24 - Beat
GM
Sec Filings
- 4/25/24 - Form PX14A6G
- 4/24/24 - Form ARS
- 4/24/24 - Form DEFA14A
- GM's page on the SEC website