Ontario Premier Doug Ford said Monday Canada needs to match its offer to Volkswagen for Stellantis.
Ontario Premier Doug Ford said Monday his government had offered $500 million to Stellantis for capital costs — the same it offered to Volkswagen in March for its battery plant being built two hours down the road in St. Thomas. Ont.“We’ll go toe to toe with any state down in the United States,” he said. “The only thing we can’t do is go toe to toe with the U.S. federal government. That’s the federal Canadian government’s job, and they can do it.
Stellantis and LG wanted Canada to seal the deal on an agreement that the companies said was finalized in February. That contract includes a provision that if for any reason the IRA subsidies are reduced or eliminated before the end of Canada’s deal with Volkswagen, the production subsidies provided by the government will similarly be reduced or eliminated
Ontario did not contribute to the production subsidies in the Volkswagen deal, but sometime over the winter, Canada asked Ontario to contribute more than just capital money for Stellantis.
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