Stellantis Gets $11 Billion From Canada, Surpassing VW’s Subsidy

July 6, 2023, 2:40 PM UTC

Prime Minister Justin Trudeau upped the ante on corporate subsidies in his bid to keep Canada competitive as generous US green incentives threaten to lure business investment stateside.

His government reached an agreement with Stellantis NV this week on C$15 billion ($11.3 billion) in public support for an electric-vehicle battery plant, ending a standoff that began in May when the carmaker halted construction on the project.

The plant, built in partnership with South Korea’s LG Energy Solution Ltd., will be located in Windsor, Ontario, across the border from Detroit. Premier Doug Ford’s provincial government agreed earlier ...

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