Stellantis reviewing written offer related to Windsor EV battery plant
Stellantis and LG Energy Solution are reviewing a written offer related to the EV battery plant in Windsor.
Negotiations with the federal government have been stuck since mid-May and a portion of construction was stopped at the site on Banwell Road.
Here is the statement issued by Stellantis on Tuesday.
“Stellantis and LGES are in receipt of a written offer that is currently under financial and legal review. We have nothing further to add at this time,” said the statement.
Stellantis has threatened to move the plant out of Windsor if it doesn't get what it says it was promised by the federal government in an agreement reached in February.
Industry Minister Francois-Philippe Champagne said Tuesday that progress is being made and he’s very confident a deal will be reached but won’t negotiate in public.
Last week, Champagne said he made an offer similar to what the federal government and Ontario gave Volkswagen for an electric vehicle battery plant in St. Thomas, Ont.
That deal could be worth up to $13 billion over 10 years.
Stellantis and LG Energy Solution announced their plans to build the facility in March 2022. The federal and provincial governments pledged $1 billion as capital for the project.
But the United States changed the landscape last summer when it announced new production tax credits for EV battery makers as part of the Inflation Reduction Agreement.
That prompted the companies to ask for more government support.
Ontario Minister of Economic Development, Job Creation and Trade Vic Fedeli said at Queen's Park Thursday it is now up to the federal government to close the deal, but the province will be there to support.
The Ontario government offered to increase the $500-million subsidy already offered to Stellantis.
~ With files from The Canadian Press in an article that was first published June 1, 2023.
CTVNews.ca Top Stories
Montreal doctors' breakthrough discovery about causes of cerebral palsy giving hope
A breakthrough discovery made by doctors at the Montreal Children's Hospital about the causes of cerebral palsy is giving new hope to one West Island family.
Weather alerts issued for 7 provinces, 1 territory
Warnings of up to 60 millimetres of rain and other alerts have been issued for seven Canadian provinces and one territory ahead of the Easter weekend.
Ontario homeowner on the hook for $27,000 when contractor severed power line
An Ontario man who built a garage on his property has been locked in a battle with his electricity provider for a year and half over a severed power line.
For years she thought her son had died of an overdose. The police video changed all that
Austin Hunter Turner died in 2017, on a night that his mother has rewound and replayed again and again, trying to make sense of what happened.
Feeling older than you are? It could be how you sleep
Not getting enough sleep may cause you to feel five to 10 years older than you really are, according to two new studies.
OPP seize $7.5 million worth of drugs in eastern Ontario
The Upper Ottawa Valley Detachment of the Ontario Provincial Police says one person is facing multiple charges after a traffic complaint on Highway 17 in Head Clara Maria Township.
CRA no longer requiring 'bare trust' reporting in 2023 tax return
The Canada Revenue Agency announced Thursday it will not require 'bare trust' reporting from Canadians that it introduced for the 2024 tax season, just four days before the April 2 deadline.
Why Kim Kardashian is being sued for 'knockoff' furniture
The estate of minimalist contemporary artist Donald Judd filed a lawsuit against Kardashian this week, claiming the fashion and beauty mogul promoted 'cheap knockoffs' of his furniture designs.
Where is the worst place for allergy sufferers in Canada?
The spring allergy season has started early in many parts of Canada, with high levels of pollen in some cities already. Experts weigh in on which areas have it worse so far this season.