[Ed. – CNBC goes out of its way to feature a self-congratulatory posture by GM in this, and depict Trump in a poor light. If one sampled the CNBC story blind, one would conclude it was put out by GM – and that GM has a grudge against the Trump administration. It is virtually impossible now to find “news” coverage that comes across as fair and unprejudiced; reading the full article at the link is just a small taste of what it’s like to wade through it every day.]
Trump, in a statement from the White House, said the action “will help ensure the quick production of ventilators that will save American lives.”
“Our negotiations with GM regarding its ability to supply ventilators have been productive, but our fight against the virus is too urgent to allow the give-and-take of the contracting process to continue to run its normal course,” he said.
GM, in an emailed statement, did not directly address Trump invoking the act. It reiterated that employees with Ventec, GM and their supply base “have been working around the clock for over a week to meet this urgent need.”