Ford is teaming up with GE Health to produce ventilators as the United States faces a shortage of these critical machines.
The automaker revealed that it will be able to produce 50,000 ventilators in the next 100 days. The ventilators' design has been simplified by the private medical company Airon for easy set-up and quick usage in emergency settings.
Jim Baumbick, vice president of enterprise product line management at Ford Motor Company, told Cheddar Wednesday that ford brings its manufacturing acumen to the table in this partnership.
Airon Model A-E Ventilator (Image courtesy of Ford)
"Many of these medical supply companies that make these units operate at much lower volumes … 3,000 to 5,000 a year," Baumbick said. "We know how to do high-volume manufacturing at scale, at quality, and they know how to do medical devices."
Ford will begin using its manufacturing plant in Michigan on April 20 to produce the ventilators. But the automaker is already hard at work producing 3D-printed disposable respirators and has shipped out half a million face shields for medical professionals on the front lines.
Baumbick says Ford is working with 3M to scale up this production.
"In just a matter of days, we've been able to boost production from 30 to 40 percent to get more of this equipment to the people that need it the most," he said.
The assembly lines putting together the personal protective equipment (PPE) are filled with volunteers from the United Auto Workers union.
"We have had a huge amount of volunteers that have come forward," Baumbick said. "Our UAW partners, which are outstanding, are going to actually support us."
While the workers wear a lot of the PPE they're helping to produce, Ford is looking at ways to employ technology to monitor the health and safety of employees as the companies produce at a rapid clip.
"We wanted to move quickly. Time is really the enemy here and the need is so great," the Ford executive added. "We just want to make sure we're doing everything possible to help."
While the U.S. may slowly be on the path to lowering inflation (and therefore interest rates), Europe has thoroughly trounced America, putting it on the path to lower rates by this summer.
April's release of the monthly Housing Starts and Building Permits reports by the Census Bureau provides crucial insights into the construction activity in the housing market. These reports are an economic indicator, shedding light on the current state of the housing market and its broader economic impact.
Caitlin Clark is heading to the Indiana Fever, the number one draft pick and the highest-scoring college basketball player of all time. And while she may not be getting millions from the WNBA, there's a few ways she'll net compensation for her generational talents.
Author of 'Clean Meat,' Paul Shapiro joins Cheddar to discuss how the cellular agricultural revolution helps lower rates of foodborne illness and greatly improves environmental sustainability. Plus, how his company The Better Meat Co. is bringing healthier food options to the table.
Recent headlines might make it sound like World War III is imminent, but when it comes to your finances, it's not the time to panic. The market is coming off its longest winning streak since 2011.
You may have noticed fewer new venture capital-backed startups (like Airbnb or Uber) lately. The market slowed to a crawl after 2021, but things are expected to take off again in 2025.
Corporate earnings season is underway, that time when companies share their billions in sales or double-digit profits. But the data shows even companies are struggling with high inflation and interest rates.
Boeing continues their terrifying trend of having their planes fall apart mid-flight, inflation — checks notes — is still up and the future of AI looks terrifying. Cheery!
Food waste – uneaten scraps or leftovers sent to landfills – is responsible for 10% of global emissions. Mill, a new product from the co-founder of Nest, thinks technology can play a role in eliminating it.
By the time the 2024 election is over, be prepared to see some form of a recession – but this shouldn’t be as bad as what we experienced in 2020 or 2008.