Stellantis, the Amsterdam-based global auto colossus, was clearly intent on divesting from its Brampton, Ont. plant one way or the other. That’s despite signing on for roughly $1 billion in Canadian-taxpayer subsidies in recent years to retool the plant, and others, to build the automobiles of the future.
On Thursday, the federal government (which was ponying up roughly half the billion, Ontario funding the other half, although not all the money has yet been transferred) said it served Stellantis a notice of “default” under its agreement for not restarting production at the plant and instead agreeing to sell it to defence contractor Roshel.
The TFW program is Corporate Welfare at it’s most exploitive.
Carney the great negotiator is so desperate they’re offering billions to Stellantis.
