Ottawa, province hope ‘aggressive package’ can prevent Stellantis plant sale: Joly
A day after threatening to sue Stellantis to recoup federal cash given to the automaker, Industry Minister Mélanie Joly says she’s still hopeful she can prevent the company from selling its Brampton, Ont., assembly plant to Roshel. Joly says Ottawa has “put an aggressive package to Stellantis to prevent the sale and we are still […]
Industry Minister Mélanie Joly, just a day after threatening to sue Stellantis to recover federal funds given to the automaker, expressed hope that she can still prevent the company from selling its Brampton, Ontario assembly plant to Roshel. The Ottawa government has reportedly put together an "aggressive package" for Stellantis in an attempt to stop the sale, and Joly remains committed to finding a solution to prevent the plant's transfer.
The minister plans to present "new scenarios" during an upcoming meeting with Stellantis' global CEO, Antonio Filosa.
During a Friday announcement in Vaughan, Ontario, alongside Ontario Economic Development Minister Vic Fedeli, Joly emphasized the available support for Stellantis if the company could "buy some time" instead of moving forward with the sale to the defense contractor. Joly reiterated that if Stellantis continues with the sale, it would be obligated to repay "hundreds of millions of dollars" in federal assistance provided for the Brampton facility's retooling plan.
However, Stellantis revealed on Thursday that it intends to repay only $24 million of the federal government support received for the Brampton facility's retooling plan.
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