Ford Motor Company partnered with 3M in March to develop powered air-purifying respirators and personal protective equipment, and now the supplies are on their way to frontline healthcare workers dealing with the COVID-19 pandemic across the country.
Jim Baumbick, vice president of enterprise product line management at Ford, told Cheddar on Wednesday that the company began shipping respirators to hospitals on Monday and has the capability of producing 12,000 units a week.
"We've prepared to actually build all of the elements of personal protection and ventilators as long as necessary, even as we start to roll in to return to work and crank up the production sites for our normal products," Baumbick said.
Ford is certainly not known for making respirators, but the vice president said they are still ensuring the highest quality in their products as if they were making their normal devices.
"We're taking all kinds of our normal quality approach and standards," Baumbick said. "We're used to building very very complex devices at very high volumes," he said.
In the last 45 days, Ford Motor Company has shipped more than 12 million face shields and 300,000 hospital gowns, which have been in high demand, to cities across the country, according to Baumbick.
"We learned a lot about things like gowns," he said. "This is where getting innovative, thinking about using airbag material, as an example, has enabled us to develop a gown, an isolation gown for these ICU wards, that is reusable, washable up to 50 times," Baumbick said.
Darden, the parent company of chain restaurants like Olive Garden and Ruth's Chris Steakhouse, beat Wall Street estimates in its latest earnings report.
A former Facebook executive pled guilty to stealing more than $4 million from the company while she was employed there.
Rising safety concerns over water bead products marketed to kids have prompted major retailers like Amazon, Target and Walmart to pull some toys off their shelves.
The Congressional Budget Office said Friday it expects inflation to nearly hit the Federal Reserve's 2% target rate in 2024, as overall growth is expected to slow and unemployment is expected to rise into 2025, according to updated economic projections for the next two years.
Intel is out with a new product to challenge other big players in the space like Nvidia and AMD.
Stocks fell after the opening bell Friday but will end on another positive week.
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Americans picked up their spending from October to November as the unofficial holiday season kicked off, underscoring that shoppers still have power to keep buying.
The average long-term U.S. mortgage rate dropped below 7% to its lowest level since early August, another boost for prospective homebuyers who have largely been held back by sharply higher borrowing costs and heightened competition for relatively few homes for sale.
Mortgage rates have dropped below 7% for the first time since the middle of August.
