StarExclusive: Justin Trudeau and Doug Ford reach tentative deal worth billions more to save Stellantis EV battery plant
halted construction May 15 of its massive Windsor project, a $5-billion joint venture with Korea-based LG Energy Solution, which is to employ 2,500 workers when it opens next year.the company could be lured stateside by U.S. President Joe Biden’s generous subsidies in the Inflation Reduction Act.
“We will get to a deal. I’m very confident. We’re getting closer to the end of the negotiation. That’s why I say discussions are progressing.” Insiders said the premier was on a high-stakes conference call with top federal and provincial officials on Tuesday night where the broad strokes of an agreement were reached.
VW could receive between $8 billion and $13.2 billion in federal cash depending upon the number of batteries it makes. Champagne noted the federal government’s 2022 fall economic statement said “that we would level the playing field with the battery manufacturers” so that Canada would be competitive with the U.S. for companies to locate their EV factories here.
Freeland has said “regional fairness” is an important consideration in Ottawa’s insistence that Ontario kick in more money to the Stellantis initiative.
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