Stellantis and Canadian government fight over contract, construction suspended

[AlexB]

Automaker Stellantis has stopped all construction at a more-than C$5 billion ($3.74 billion) electric vehicles battery manufacturing plant in Windsor, Canada, over a disagreement with the federal government about subsidies, a spokesperson for the company said on Monday.”

"Effective immediately, all construction related to the battery module production on the Windsor site has stopped," the spokesperson said.”

The move comes days after the carmaker and South Korea's LG Energy Solution Ltd (373220.KS) said they were implementing "contingency plans" related to a more-than C$5 billion ($3.74 billion) battery plant investment in Canada.”In April, Canada had also agreed to provide up to C$13 billion in subsidies and a C$700 million grant to lure Volkswagen AG into building its North American battery plant in the country.”

Stellantis halts battery plant construction over dispute with Canadian government

www.cnbc.com

 

[MPE426HEMI]

Let them sink! If they can’t stay afloat without the help of taxpayers, let the economy/competition deal with them. They are so slow to market with vehicles since FCA was created and not even close to being a fore-runner of anything inventive or class changing.
They’re out of their minds with their pricing also. Not even close to being competitive. Regardless of what they think, nobody is going to spend premium dollars for any of their branded vehicles. There’s too many more on the market actually worth the cash.

 

[AlexB]

Let them sink! If they can’t stay afloat without the help of taxpayers, let the economy/competition deal with them. They are so slow to market with vehicles since FCA was created and not even close to being a fore-runner of anything inventive or class changing.
They’re out of their minds with their pricing also. Not even close to being competitive. Regardless of what they think, nobody is going to spend premium dollars for any of their branded vehicles. There’s too many more on the market actually worth the cash.

That not true at all.
It would be Canada manufacturing that would sink... Belvidere retooled into a battery plant + EV Motors.

 

[MPE426HEMI]

Exactly. Let it sink!

That not true at all.
It would be Canada manufacturing that would sink... Belvidere retooled into a battery plant + EV Motors.

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