GM to lend its auto factories to support production of ventilators in coronavirus fight
Barra also announced that GM will be investing a total of $1.8 billion in plants in 6 states. (Photo by Bill Pugliano/Getty Images)General Motors on Friday announced it will lend its auto factories to support Ventec Life Systems' production of ventilators in the fight against the coronavirus pandemic. GM CEO Mary Barra on Wednesday had told the Trump administration that the automaker was studying how it could potentially support production of medical equipment like ventilators. That day, GM announced the closure of its North American factories at least until March 30. "With GM's help, Ventec will increase ventilator production," said Ventec Life Systems CEO Chris Kiple in a statement.
cnbc.comGeneral Motors to provide in-depth look at its all-electric vehicle plans in bid to convince Wall Street it can take on Tesla
General Motors Chairman and CEO Mary Barra announces a $300 million investment in the GM Orion Assembly Plant plant for electric and self-driving vehicles at the Orion Assembly Plant on March 22, 2019 in Lake Orion, Michigan. General Motors this week will make its hardest push yet to convince skeptics, particularly on Wall Street, that the more than 110-year-old automaker can compete against Tesla as the auto industry pivots to all-electric vehicles. It is typically considered an unusual move for an automaker to show investors so many products. Since announcing plans to launch at least 20 new all-electric vehicles more than two years ago and committing to a "zero-emission" future, GM hasn't moved as quickly as some expected into all-electric vehicles. More than 150 members of the media and investors are expected to be briefed about the company's EV plans during separate events Wednesday.
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