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BMW, Ford, and Honda form new company to streamline electrical grids, invite other automakers to join

BMW Ford Honda

Three major automakers have come forward and announced an equally-owned company focused on creating a single, cost-effective platform to connect EV drivers, automakers, and utility companies. BMW Group, Ford Motor Company, and American Honda Motor Company have partnered up to create ChargeScape, LLC – potentially unlocking new value as an EV owners in North America.

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Magna invests $790 million to set up shop and supply Ford’s BlueOval City in Tennessee

Magna Ford

One of the world’s largest automotive suppliers is investing big bucks to expand its footprint in North America – a market in which it’s already #1. Today, Tennessee’s Governor announced Magna International will invest nearly $800 million dollars to become the first supplier and Ford’s new BlueOval City.

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