Federal government, Ontario announce $15-billion Honda EV deal [Globe and Mail, The (Toronto, Canada)]
Stellantis N.V. Common Shares (STLA)
Company Research
Source: Globe and Mail, The
manufacture electric vehicles and host a large EV battery plant, adding 1,000 more jobs in what the two governments say is the largest ever single investment in Canada's auto sector. The deal with the Japanese automaker follows other major announcements of new electric vehicle plants and battery factories – with multi-billion-dollar government help – in Windsor, Ont., where auto giant Stellantis and South Korea's LG Battery Solution are building a massive facility, and in St. Thomas, Ont., where Volkswagen was lured to build a so-called gigafactory battery plant. The deal was unveiled Thursday morning in Alliston by Prime Minister Justin Trudeau and Premier Doug Ford. The federal government is expected to give Honda around $2.5 billion through tax credits for clean technology manufacturing and electric vehicle supply chain investments. Ontario has committed to providing up to $2.5 billion directly – such as for capital costs – and indirectly, such as covering site servicing co
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STLA
Sec Filings
- 5/1/24 - Form 6-K
- 4/30/24 - Form 6-K
- 4/26/24 - Form 6-K
- STLA's page on the SEC website