Best Buy: A New Player in Auto Technology?

Media reports indicate that the electronics retailer has landed deals with both Ford and General Motors.

Following on the heels of news that Best Buy Company, Inc., will launch a multi-channel network and may soon roll out a buy-back program, reports indicate that the Richfield-based retailer is extending its reach to the auto industry.

The Wall Street Journal reported Friday that Best Buy will join forces with Ford Motor Company to install household charging stations for Ford's Focus Electric cars.

And according to a New York Times report, General Motors plans to offer its OnStar safety system to owners of non-GM vehicles-and Best Buy will sell the product for $299, plus an installation fee of between $75 and $100. Service plans will reportedly start at $18.95 per month, or $199 per year.

When the system, which is connected to a rearview mirror, detects an impact, OnStar's command center is automatically called. Or, drivers can call for emergency services by pushing a button.