Queen's Park Observer

Queen's Park Observer

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Queen's Park Observer
Queen's Park Observer
Nate Erskine-Smith sets his sights on the North. Here's why it matters.
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Nate Erskine-Smith sets his sights on the North. Here's why it matters.

And pour one out for buck-a-beer

Sabrina Nanji's avatar
Sabrina Nanji
Jul 06, 2023
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Queen's Park Observer
Queen's Park Observer
Nate Erskine-Smith sets his sights on the North. Here's why it matters.
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ABOVE THE FOLD

Breaking last night — STELLANTIS SETTLES — Windsor, rejoice!

Stellantis has inked a deal with Ottawa and Ontario to keep its planned EV battery plant — to the tune of $15 billion in subsidies.

It closes the chapter on a months-long stalemate that saw the automaker pause construction as it pushed for a bigger slice of the subsidy pie a la Volkswagen.

More: “Economic Development Minister VIC FEDELI told the Globe and Mail on Wednesday the deal will be worth ‘up to $15-billion,’ with Ontario footing one-third of the bill as planned. He called the agreement a ‘historic new auto pact’ that recognizes the challenges posed by the Inflation Reduction Act in the U.S., which he said would have put an end to Ontario’s new auto opportunities.”

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