It will take 20 years for feds to break even with Volkswagen, Stellantis deals: PBO

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It will take 20 years for feds to break even with Volkswagen, Stellantis deals: PBO
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OTTAWA — The parliamentary budget officer says it will take the federal government until 2043 to break even on its EV battery deals with two automotive giants. The government announced subsidies for Volkswagen and Stellantis and LG Energy Solution this year to entice them to build electric vehicle battery plants in Canada. The PBO says it will take 20 years for government revenues generated from the production of both plants to equal the production subsidies, which total $28.2 billion. The budge

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It will take 20 years for feds to break even with Volkswagen, Stellantis deals: PBOIt will take 20 years for feds to break even with Volkswagen, Stellantis deals: PBOThe parliamentary budget officer says it will take the federal government until 2043 to break even on its EV battery deals with two automotive giants.
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It will take 20 years for feds to break even with Volkswagen, Stellantis deals: PBOIt will take 20 years for feds to break even with Volkswagen, Stellantis deals: PBOOTTAWA — The parliamentary budget officer says it will take the federal government until 2043 to break even on its EV battery deals with two automotive giants.
Lire la suite »

It will take 20 years for feds to break even with Volkswagen, Stellantis deals: PBOIt will take 20 years for feds to break even with Volkswagen, Stellantis deals: PBOOTTAWA — The parliamentary budget officer says it will take the federal government until 2043 to break even on its EV battery deals with two automotive giants.
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It will take 20 years for feds to break even with Volkswagen, Stellantis deals: PBOIt will take 20 years for feds to break even with Volkswagen, Stellantis deals: PBOOTTAWA — The parliamentary budget officer says it will take the federal government until 2043 to break even on its EV battery deals with two automotive giants.
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Stellantis reports progress in talks with auto workers and plans to make another offer MondayStellantis reports progress in talks with auto workers and plans to make another offer MondayDETROIT (AP) — Stellantis is reporting progress in talks with the United Auto Workers union with just three days left before contracts expire with Detroit's three automakers. Tobin Williams, head of human resources for North America, told employees in an email that the union made counteroffer to its economic proposal on Sunday. Stellantis released no details of its offer Monday. He also says both sides have reached agreement in a number of areas including health and safety. “There was good energ
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