Canada Considers Action Against Stellantis Over Output Shift, Bailout
Canada threatens Stellantis with legal action over plan to shift output to US. This is a pretty big deal, and it’s got a lot of folks talking – and not always in the most positive way about Stellantis. It seems the Canadian government is seriously considering taking legal action because of the company’s plans to move production south of the border. And honestly, after everything I’ve read, it’s hard not to see where the frustration is coming from.
One of the biggest issues at play here is a significant debt. Apparently, Stellantis, or rather, its predecessors, received a hefty bailout from the Canadian government way back in 2009 – to the tune of $2.9 billion.… Continue reading
Matt Underwood