Ontario offering more money to Stellantis, premier says
BNN Bloomberg
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 in recent days stopped construction and warned they were implementing contingency plans because the federal government hasn't lived up to an agreement.
The CEOs of the two companies wrote last month to Prime Minister Justin Trudeau, saying Ottawa had confirmed in writing five times that it would match production incentives under the United States' Inflation Reduction Act, but has not delivered on those commitments.
But the federal government has been pressuring Ontario to pitch in as well, saying the province also has to pay its "fair share."
