Home / Stocks / GM to build 30,000 ventilators for national stockpile for $489.4 million

GM to build 30,000 ventilators for national stockpile for $489.4 million

According to the terms in the announcement, each ventilator would cost $16,000, well below the market price of as much as $50,000 price cited by New York Gov. Mario Cuomo at a March 30 news conference.

GM, in a statement, said it remains “dedicated to working with the administration to ensure American innovation and manufacturing meet the ne of the country during this global pandemic.” 

Trump ordered GM to produce the devices under the Defense Production Act on March 27, hours after the automaker announced a partnership with Washington-based Ventec Life Systems  to build critical-care ventilators at one of GM’s components plants in Indiana.

GM’s announcement came after Trump criticized the automaker and GM CEO and Chairman Mary Barra for wanting “top dollar” for producing the life-saving devices.

“As usual with ‘this’ General Motors, things just never seem to work out,” Trump tweeted. “They said they were going to give us 40,000 much needed Ventilators, ‘very quickly’. Now they are saying it will only be 6000, in late April, and they want top dollar. Always a mess with Mary B. Invoke ‘P’.”

300-101   400-101   300-320   300-070   300-206   200-310   300-135   300-208   810-403   400-050   640-916   642-997   300-209   400-201   200-355   352-001   642-999   350-080   MB2-712   400-051   C2150-606   1Z0-434   1Z0-146   C2090-919   C9560-655   642-64   100-101   CQE   CSSLP   200-125   210-060   210-065   210-260   220-801   220-802   220-901   220-902   2V0-620   2V0-621   2V0-621D   300-075   300-115   AWS-SYSOPS   640-692   640-911   1Z0-144   1z0-434   1Z0-803   1Z0-804   000-089   000-105   70-246   70-270   70-346   70-347   70-410