Magna to invest $790 million in new facilities supporting Ford's electric truck production in Tennessee

Magna will build two new facilities at Ford's BlueOval City campus in Tennessee.
The facilities will supply parts like battery enclosures, foam, and seats for Ford's electric trucks.
A third Magna facility in Lawrenceburg will produce vehicle frames for the trucks.
The investment will create around 1,300 new jobs across the three facilities.
Production is slated to begin in 2025 to support Ford's plan to produce up to 500,000 electric trucks annually.