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F

Ford

$4.05 /

-0.27 (-6.25%)

, MMM

3M

$118.22 /

-7.03 (-5.61%)

07:38
03/24/20
03/24
07:38
03/24/20
07:38

Ford partners with 3M and General Electric on producing respirators, ventilators

Ford (F), joining forces with firms including 3M (MMM) and GE Healthcare (GE), is lending its manufacturing and engineering expertise to quickly expand production of urgently needed medical equipment and supplies for healthcare workers, first responders and patients fighting coronavirus. In addition, Ford plans to assemble more than 100,000 face shields per week and leverage its in-house 3D printing capability to produce disposable respirators for healthcare workers. Ford team members are working with 3M to increase the manufacturing capacity of their powered air-purifying respirator, or PAPR, designs and working jointly to develop a new design leveraging parts from both companies to meet the surge demand for first responders and health care workers. This new respirator could be produced in a Ford facility by UAW workers. To go as fast as possible, the Ford and 3M teams have been locating off-the-shelf parts like fans from the Ford F-150's cooled seats for airflow, 3M HEPA air filters to filter airborne contaminants such as droplets that carry virus particles and portable tool battery packs to power these respirators for up to eight hours. Ford is looking at how it might produce these new-generation PAPRs in one of its Michigan manufacturing facilities, helping 3M boost production potentially tenfold. In addition, Ford and GE Healthcare are working together to expand production of a simplified version of GE Healthcare's existing ventilator design to support patients with respiratory failure or difficulty breathing caused by COVID-19. These ventilators could be produced at a Ford manufacturing site in addition to a GE location. Work on this initiative ties to a request for help from U.S. government officials. Meanwhile, Ford's U.S. design team also is quickly creating and starting to test transparent full-face shields for medical workers and first responders. The face shields fully block the face and eyes from accidental contact with liquids and when paired with N95 respirators can be a more effective way to limit potential exposure to coronavirus than N95 respirators alone. The first 1,000 face shields will be tested this week at Detroit Mercy, Henry Ford Health Systems and Detroit Medical Center Sinai-Grace Hospitals. Roughly 75,000 of these shields are expected to be finished this week and more than 100,000 face shields per week will be produced at Ford subsidiary Troy Design and Manufacturing's facilities in Plymouth, Michigan. Ford is leveraging its Advanced Manufacturing Center in Redford, Mich., and in-house 3D printing capabilities to manufacture disposable respirators, which are needed to help filter the air healthcare workers and first responders breathe. Once approved by the proper health agency, Ford will initially start at a pace equal to 1,000 per month but will quickly grow production as fast as possible. Ford is evaluating a separate effort not involving GE Healthcare with the U.K. government to produce additional ventilators. In China, Ford of China joint venture partner Jiangling Motors also has donated 10 specially equipped Transit ambulance vans to hospitals in Wuhan, where the coronavirus outbreak began. Ford is also reacquiring 165,000 N95 respirators from China that were originally sent by Ford to China earlier this year to help combat coronavirus. Ford has also kicked off a working team to help hospitals locate and secure urgently needed surgical and N95 respirators. Ford has so far committed sending Henry Ford Health Systems 40,000 surgical masks while it locates additional supplies.

F

Ford

$4.05 /

-0.27 (-6.25%)

MMM

3M

$118.22 /

-7.03 (-5.61%)

GE

General Electric

$6.13 /

-0.38 (-5.84%)

  • 28

    Apr

  • 29

    Apr

F Ford
$4.05 /

-0.27 (-6.25%)

03/24/20 UBS
Tesla and BMW upgraded, Ford downgraded at UBS
03/24/20 UBS
Ford downgraded to Neutral from Buy at UBS
03/11/20 Morgan Stanley
Morgan Stanley cuts estimates for GM, Ford and FCA on coronavirus 'demand shock'
02/21/20 RBC Capital
Visteon price target lowered to $91 from $106 at RBC Capital
MMM 3M
$118.22 /

-7.03 (-5.61%)

01/09/20 Wolfe Research
3M upgraded to Peer Perform from Underperform at Wolfe Research
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GE General Electric
$6.13 /

-0.38 (-5.84%)

03/05/20 Cowen
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Danaher unlikely to make competing bid for Qiagen, says Piper Sandler
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