GM will lease the building in Kokomo, Indiana to Ventec Life Systems, a company the automaker partnered with to build the ventilators as the first wave of Covid-19 cases surged in the U.S. this spring.
for the ventilators by the end of the month, Flores said. The facility has built and delivered more than 20,000 of the devices thus far, according to officials.. While their need has waned in recent months, the health-care industry is bracing for a second surge of Covid-19.
The companies declined to disclose terms of the lease or how long Ventec is expected to occupy the building. General Motors Chairman and CEO Mary Barra (and Ventec Life Systems CEO Chris Kiple talk with a worker while touring the GM manufacturing facility in Kokomo, Indiana on April 14, 2020.The facility employs about 800 people, including about 70 full-time hourly GM employees who are expected to return to their previous place of employment or layoff.
"It has been a dynamic, fluid situation from day one," Chris Brooks, Ventec chief strategy officer, told CNBC regarding future employment. Additional details are expected to be announced as the companies conclude the government's contract, he said.the automaker and CEO Mary Barra for not moving quickly enough to produce life-saving ventilators and wanting "top dollar" for doing so.
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