Ford Motor Co. (F) said Monday afternoon that it has reached a deal to begin manufacturing ventilators needed by hospitals to treat COVID-19 patients. The company said that it will manufacture the equipment at an Ypsilanti, Michigan, plant using a design licensed from Airon Corp. by the health care division of General Electric Co. (GE) The automobile company expects to produce 50,000 ventilators within 100 days, by July 4, and then 30,000 a month as needed using paid volunteers represented by the United Auto Workers union. "The Ford and GE Healthcare teams, working creatively and tirelessly, have found a way to produce this vitally needed ventilator quickly and in meaningful numbers," Ford Chief Executive Jim Hackett said in Monday's announcement.
-Jeremy C. Owens; 415-439-6400; AskNewswires@dowjones.com
(END) Dow Jones Newswires
March 30, 2020 17:17 ET (21:17 GMT)
Copyright (c) 2020 Dow Jones & Company, Inc.