Automakers can produce medical supplies in the space of about 10 days: Fmr. GM vice chairman

Bob Lutz, former GM vice chairman, VLF Automotive CEO and CNBC contributor, on auto companies shifting efforts to medical supply production to help combat the coronavirus.

General Motors and Ford are studying whether they can use their auto factories to support production of ventilators and other medical equipment to help combat the coronavirus pandemic sweeping across the nation.

GM CEO Mary Barra spoke with the Trump administration Wednesday about the automaker’s decision to pause production, the company said in a statement.

“She also indicated GM is working to help find solutions for the nation during this difficult time and has offered to help, and we are already studying how we can potentially support production of medical equipment like ventilators,” according to the statement.

Ford also confirmed the company has had preliminary discussions with the government and is looking into the feasibility of producing medical equipment.

“As America’s largest producer of vehicles and top employer of autoworkers, Ford stands ready to help the administration in any way we can, including the possibility of producing ventilators and other equipment,” a spokesperson said in an email.

Earlier in the day, GM announced it would be closing its North American factories at least until March 30 and will evaluate the situation on a weekly basis after that while Ford also announced it would close its factories through March 30.

GM would not be re-tooling or changing the equipment it uses to build vehicles, but may have extra space in some factories that could be used to manufacture ventilators, according to people familiar with Barra’s conversation.

White House Economic advisor Larry Kudlow told Fox News earlier Wednesday that GM has offered to build ventilators.

New York Gov. Andrew Cuomo said on Wednesday that the state doesn’t have enough ventilators for an expected surge in COVID-19 cases when the virus peaks in about 45 days. The state has 3,000 ICU hospital beds that have the equipment attached to them but is expected to need 37,000.

U.S. President Donald Trump said he signed the Defense Production Act to ramp up production of medical supplies to fill shortages.

For more coronavirus live updates:
https://www.cnbc.com/2020/03/19/coronavirus-live-updates.html

For access to live and exclusive video from CNBC subscribe to CNBC PRO: https://www.cnbc.com/pro/?__source=youtube

» Subscribe to CNBC TV: https://cnb.cx/SubscribeCNBCtelevision
» Subscribe to CNBC: https://cnb.cx/SubscribeCNBC
» Subscribe to CNBC Classic: https://cnb.cx/SubscribeCNBCclassic

Turn to CNBC TV for the latest stock market news and analysis. From market futures to live price updates CNBC is the leader in business news worldwide.

Connect with CNBC News Online
Get the latest news: http://www.cnbc.com/
Follow CNBC on LinkedIn: https://cnb.cx/LinkedInCNBC
Follow CNBC News on Facebook: https://cnb.cx/LikeCNBC
Follow CNBC News on Twitter: https://cnb.cx/FollowCNBC
Follow CNBC News on Instagram: https://cnb.cx/InstagramCNBC

#CNBC
#CNBC TV