Honda deal is good publicity for Liberals, but who will buy all those EVs? [Globe and Mail, The (Toronto, Canada)]
Stellantis N.V. Common Shares (STLA)
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Source: Globe and Mail, The
The largest deal in Canadian history. That's how Premier Doug Ford has described a recently inked agreement between Ontario, Ottawa and auto giant Honda, officially announced Thursday. Under the terms of the agreement , Honda will pump billions into building an electric vehicle assembly plant. For the automaker, the plant would be the first of its kind in Ontario; for the province, the third after automakers Stellantis and Volkswagen inked similar agreements last year. In touting the virtues of the agreement with Honda, the Premier said, “everyone's going to benefit.” But that's not true. Not everyone. The move saddles Canadians with a product for which enthusiasm is tepid at best. Down the line, when a lack of return forces these automakers to rethink their investments, we may ask ourselves: what were the billions given to these companies actually for? According to the politicians' narrative, EVs are purportedly what Canadians want. Worried about the Earth's rising temperatu
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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