Breaking: Talks stall as Trudeau and Ford’s multibillion offer to save Stellantis EV battery plant falls short: sources
Weeks of crisis talks to keep Stellantis from moving a massive EV battery plant out of Canada are at an impasse as Ottawa’s latest offer falls short of what the company wants, the Star has learned.
But the insider, who spoke on a background basis to protect ongoing sensitive negotiations, warned the money would not be enough for the joint venture formed by Stellantis and its Korea-based partner LG Energy Solution to retain all of the planned battery factory in Canada. “The Canadian auto sector is very important to the Canadian economy and the thousands of Canadians whose livelihoods depend on it,” Vaupshas said.Talks directed by the federal government and Stellantis, which has taken the lead on negotiations for the joint venture, continued “actively” all week as Industry Minister François-Philippe Champagne was in B.C. and flying back to Ottawa Friday, his office said.
“These are game-changing investments that are creating new jobs, better jobs, better paycheques across the auto supply chain and driving economic growth,” he said.But Ford sounded a note of frustration at the pace of talks in the Stellantis situation, suggesting the ball is in Ottawa’s court.
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