President Donald Trump said Sunday that U.S. automakers Ford Motor (F), General Motors (GM) and Tesla (TSLA) had been given the go-ahead to produce ventilators amid a shortage of the medical equipment needed to treat coronavirus patients.The president said in a tweet that the auto companies will be permitted to “make ventilators and other metal products, FAST!”. Automakers have been seeking alternative revenue channels as the coronavirus outbreak has forced the closure of many factories.General Motors on Friday announced a collaboration with Ventec Life Systems to build ventilators. The automaker will lend its logistics, purchasing and manufacturing expertise to help …read more
Source:: Yahoo Finance
