# EU clears joint venture by Ford, BMW and Honda for grid services

The European Commission has approved the creation of a joint venture by Ford, BMW and Honda to provide grid services to electric utility companies in the US and Canada.

- Type: Partnership
- Announced: 2024-01-16
- Where: United States
- Status: announced
- Products: grid services
- Sectors: [Power Generation Equipment](https://endata.com/sectors/power-generation-equipment.md)

## Companies

- [Ford Motor Company](https://endata.com/companies/3544.md) (partner)
- [BMW](https://endata.com/companies/13009.md) (partner)
- [Honda Motor Co., Ltd.](https://endata.com/companies/16181.md) (partner)

## Sources

- [eulawlive.com](https://eulawlive.com/competition-corner/commission-clears-creation-of-joint-venture-by-ford-bmw-and-honda/), 2024-01-16: "The European Commission has approved, under the EU Merger Regulation, the creation of a joint venture by Ford Motor Company, BMW and Honda Motor Co."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.