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Stock impact report

GM, Ventec say they started "mass production" of ventilators [MarketWatch]

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: MarketWatch
General Motors Co. said Tuesday it has begun "mass production" of ventilators alongside Ventec Life Systems under a 30,000-unit contract with the U.S. Department of Health and Human Services. "The effort involved sourcing hundreds of parts and assemblies from suppliers; the design of a new manufacturing process; the transformation of GM's Kokomo factory; the ongoing hiring of more than 1,000 manufacturing team members; and the implementation of extensive health and safety protocols in the workplace," GM said. More than 600 ventilators will be shipped this month, almost half the order will be filled by the end of June and the full order will be completed by the end of August, the company said. "GM has the capacity to build more ventilators after August if needed," it said. Show less Read more
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