GM to start out ventilator manufacturing this week
The federal authorities pays Normal Motors in regards to the worth of a Chevrolet Spark for every of the 30,000 hospital ventilators the automaker plans to construct — largely by hand, in an Indiana plant designed to make auto components — over the following 4 months to assist deal with sufferers contaminated with COVID-19.
The Trump administration final week introduced a $490 million contract with GM to ship 30,000 ventilators — greater than double the quantity now within the Strategic Nationwide Stockpile — by August. The per-unit value of about $16,000 is a fraction of the $45,000 that New York Gov. Andrew Cuomo mentioned ventilator costs had surged to by the tip of March as states competed for essential medical tools.
For that worth, GM and accomplice Ventec Life Methods not solely need to construct the ventilators, in addition they have to make 10 weeks’ price of consumable components for every one, rent and practice short-term employees and convert GM’s Kokomo, Ind., plant for the mission. “We aren’t doing this for a revenue,” GM…