Ontario’s Fedeli challenges Ottawa to ‘close their deal’ with automaker
Stellantis says there is not yet a final deal to save a $5-billion electric vehicle battery plant in Windsor, Ont., as high-stakes negotiations between Ottawa, Ontario and the company continue around billions in additional subsidies for the facility to stay in Canada.
At issue is the governments’ willingness to match billions of dollars in subsidies being offered in the United States – where Stellantis NVand its battery-making partner, LG Energy Solution Ltd, are threatening to move the project. Talks between Deputy Prime Minister Chrystia Freeland and Mr. Ford have stretched in the early morning hours this week, with one phone call lasting until 2 a.m., according to one senior government source.
“The Premier has been very clear that we will be there financially to assist the federal government in closing their deal with Stellantis,” he told reporters at Queen’s Park. “We’re getting there … this is the feds that need to close their deal with Stellantis now,” he said.
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Stellantis EV battery plant could cost Canada $19 billion in subsidiesSubsidies to build a Stellantis\u002DLG Energy battery plant in Windsor, Ont. could reach $19 billion over 10 years, one expert says. Read on.
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If Canada wants a Stellantis battery plant, it has to ‘pony up,’ says analystGreg Mordue, associate professor at McMaster University and former auto executive, tells BNN Bloomberg that Canada used to provide 20 per cent of the capital cost of an automaker’s project, but the U.S. Inflation Reduction Act forced the government to provide 200 per cent of the Volkswagen EV battery plant’s capital cost, and Stellantis will demand similar terms.
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Canada closing in on deal to get Stellantis battery plant back on track: Champagne | National NewswatchNational Newswatch: Canada's most comprehensive site for political news and views. Make it a daily habit.
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Canada closing in on deal to get Stellantis battery plant back on track: ChampagneA deal to save a $5-billion electric vehicle battery plant in Windsor is inching closer, Industry Minister Francois-Philippe Champagne said Wednesday.
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Canada closing in on deal to get Stellantis battery plant back on track: ChampagneA deal to save a $5\u002Dbillion electric vehicle battery plant in Windsor is inching closer, Industry Minister Francois\u002DPhilippe Champagne said
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