General Motors Shipped Its First Batch of Ventilators to Hospitals on Friday

General Motors (NYSE: GM) has delivered its first ventilators to Chicago-area hospitals -- and it has many more on the way. 

The automaker said that its joint venture with Ventec Life Systems, operating in a GM plant in Kokomo, Indiana, turned two shipments of ventilators over to United Parcel Service (NYSE: UPS) for delivery to two Chicago-area hospitals on Friday. UPS will deliver a third shipment to the U.S. Federal Emergency Management Agency (FEMA) at the Gary/Chicago International Airport on Saturday, for distribution by FEMA.

The deliveries began exactly one month after GM and Ventec began discussions about a potential joint venture to speed up production and delivery of Ventec's VOCSN ventilators, GM said. The two companies announced on March 20 that they would work together to repurpose a section of the GM factory in Kokomo to manufacture the ventilators. 

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Source Fool.com