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
Widow looking for answers after Quebec man dies in Texas Ironman competition
The widow of a Quebec man who died competing in an Ironman competition is looking for answers.
Tom Mulcair: Park littered with trash after 'pilot project' is perfect symbol of Trudeau governance
Former NDP leader Tom Mulcair says that what's happening now in a trash-littered federal park in Quebec is a perfect metaphor for how the Trudeau government runs things.
World seeing near breakdown of international law amid wars in Gaza and Ukraine, Amnesty says
The world is seeing a near breakdown of international law amid flagrant rule-breaking in Gaza and Ukraine, multiplying armed conflicts, the rise of authoritarianism and huge rights violations in Sudan, Ethiopia and Myanmar, Amnesty International warned Wednesday as it published its annual report.
Photographer alleges he was forced to watch Megan Thee Stallion have sex and was unfairly fired
A photographer who worked for Megan Thee Stallion said in a lawsuit filed Tuesday that he was forced to watch her have sex, was unfairly fired soon after and was abused as her employee.
Amid concerns over 'collateral damage' Trudeau, Freeland defend capital gains tax change
Facing pushback from physicians and businesspeople over the coming increase to the capital gains inclusion rate, Prime Minister Justin Trudeau and his deputy Chrystia Freeland are standing by their plan to target Canada's highest earners.
U.S. Senate passes bill forcing TikTok's parent company to sell or face ban, sends to Biden for signature
The Senate passed legislation Tuesday that would force TikTok's China-based parent company to sell the social media platform under the threat of a ban, a contentious move by U.S. lawmakers that's expected to face legal challenges.
Wildfire southwest of Peace River spurs evacuation order
People living near a wildfire burning about 15 kilometres southwest of Peace River are being told to evacuate their homes.
U.S. Senate overwhelmingly passes aid for Ukraine, Israel and Taiwan with big bipartisan vote
The U.S. Senate has passed US$95 billion in war aid to Ukraine, Israel and Taiwan, sending the legislation to President Joe Biden after months of delays and contentious debate over how involved the United States should be in foreign wars.
'My stomach dropped': Winnipeg man speaks out after being criminally harassed following single online date
A Winnipeg man said a single date gone wrong led to years of criminal harassment, false arrests, stress and depression.