Auto pact formed to secure Stellantis-LGES and Volkswagen deals

Auto pact formed to secure Stellantis-LGES and Volkswagen deals

PHOTO: Doug Ford/Twitter TORONTO — On Jul. 6, Chrystia Freeland, Canada’s Deputy Prime Minister and Minister of Finance, François-Philippe Champagne, Canada’s Minister of Innovation, Science and Industry, Doug Ford, Premier of Ontario, and Vic Fedeli, Ontario’s Minister of Economic Development, Job Creation and Trade, issued a joint statement saying: “The governments of Canada and Ontario…

Stellantis: Ontario offers more money, feds say deal is closed

Stellantis: Ontario offers more money, feds say deal is closed

Ontario is offering more money in a bid to keep automaker Stellantis from pulling out of building an electric-vehicle battery plant in Windsor, Ont., Premier Doug Ford said Friday. Stellantis and LG Energy Solution announced last year that they were building the $5-billion plant, but have recently stopped construction and warned they were implementing contingency…

VW’s battery plant deal changes Canada’s auto sector.  Whether it’s worth B in subsidies is debatable

VW’s battery plant deal changes Canada’s auto sector. Whether it’s worth $13B in subsidies is debatable

German automaker Volkswagen was in the city of St. Thomas, Ont., this week, announcing details of their plan to build their first electric battery plant in North America, in a move that backers say will super charge Southern Ontario into becoming a key cog in electric vehicle supply chains. VW’s plan is undeniably huge news…