Canada will end $529M investment if Stellantis doesn’t restart vehicle production, Joly says

From Global News.

Amid reports that Stellantis is planning to use its idled plant in Brampton, Ont. as an assembly line for Chinese electric vehicle (EV) knockdown kits, Canada’s Industry Minister Mélanie Joly has rejected the notion.

“We can’t bring cars-in-a-kit to Canada,” Joly said Thursday in Vancouver. “Why? Because one of the big parts of our auto industry is actually linked to the fact that we have a big auto parts sector – 200,000 workers,” she added.

Knockdown kits would involve Stellantis relying on a large portion of vehicle manufacturing being done in China, leaving only minor assembly jobs for international plants, including the Brampton facility.

Furthermore, Joly vowed the government would walk back a $529 million investment deal it made with Stellantis in 2022.

For more info, please go to https://globalnews.ca/news/11757321/potential-for-chinese-ev-production-at-stellantis-plant-raises-concerns/

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