The Star said Stellantis began seeking an enriched deal in Canada shortly after the U.S. Stellantis is threatening to pull the plug on the battery plant unless it's deal with the government is sweetened to the level Volkswagen (VOWG_p.DE) received this year, the Toronto Star newspaper reported earlier on Friday, citing unnamed sources. "We are, as the federal government team working very, very hard on Stellantis, we're very, very focused on it," Freeland told reporters on a call after meetings with G7 partners in Japan.
Our top priority is and remains getting the best deal for Canadians,” the spokesperson said.Įarlier, Finance Minister Chrystia Freeland said Canada was having "good discussions" with Stellantis, after a newspaper reported that automaker was looking for better government subsidies than originally offered by Ottawa.
"We continue to negotiate in good faith with our partners. LGES and Stellantis announced the investment last year to establish a large-scale, domestic, electric vehicle battery manufacturing facility in Canada.Īt the time, Canada's Innovation Minister Francois-Philippe Champagne described the deal, which included about $1.48 billion from LGES and undisclosed contributions from federal and provincial governments, as the largest ever in the Canadian auto sector.Ī spokesperson for Champagne said on Friday that the "auto industry is crucial to the Canadian economy and to the hundreds of thousands of Canadian workers." "As of today, the Canadian Government has not delivered on what was agreed to, therefore Stellantis and LG Energy Solution will immediately begin implementing their contingency plans," Stellantis said in a brief emailed statement, without elaborating. OTTAWA, May 12 (Reuters) - Automaker Stellantis (STLAM.MI) and South Korea's LG Energy Solution (373220.KS) (LGES) are implementing "contingency plans" related to a more-than C$5 billion ($3.7 billion) battery plant investment in Canada because the federal government has not delivered on its promises, a Stellantis spokesperson said on Friday.
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