Their humiliating capitulation to demands for more public money will only embolden others to do the same
This advertisement has not loaded yet, but your article continues below.You have to wonder whether it even occurred to anyone in the Trudeau or Ford government that the lucrative Volkswagen package might come back to undermine the Stellantis deal struck a year earlier.
That said, it’s hard to blame Stellantis for insisting on a level playing field, yet another reason why it was a colossal mistake for Trudeau and Ford to set off a subsidy bidding war. Of course they insisted that’s not what was happening; Trudeau even made a point of publicly warning other companies. Yet here we are barely a month later, setting the table for a generous meal of crow and humble pie.
and that the real result of these effects is considerable distortion and damage to our economy — all paid for at enormous cost to the public purse.
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