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
Prince William says wife Kate is 'doing well'
Prince William said on Friday his wife Kate was 'doing well' in a rare public comment about the Princess of Wales as she undergoes preventative chemotherapy for cancer.
BREAKING Canadian Blood Services apologizes to LGBTQ2S+ community for discriminatory blood donation policy
Canadian Blood Services issued an apology on Friday to the LGBTQ2S+ community for what it now admits was a harmful and discriminatory blood donation policy that prevented sexually active men who have sex with men and some trans people from donating blood and plasma.
BREAKING 'Just wait': Toronto mayor hints that WNBA team is coming to the city amid multiple reports
Toronto Mayor Olivia Chow says that she is hopeful an announcement could be made soon amid multiple reports that a WNBA team is coming to Toronto in 2026.
Magnitude 4.2 earthquake reported off Vancouver Island's west coast
A 4.2-magnitude earthquake was recorded west of Vancouver Island early Friday morning.
Ontario coroner to investigate death of man who suffered cardiac arrest while waiting in ER
A provincial coroner will be investigating the death of 68-year-old David Lippert, who suffered a cardiac arrest while waiting in a crowded emergency room in Kitchener, Ont.
'Irate male' assaulted Newfoundland officers with block of cheese, police say
Police in Newfoundland say patrol officers were assaulted Thursday by a "very irate male" wielding a block of cheese.
Dashcam video shows terrifying near-miss on two-lane northern Ontario highway
There were some scary moments for several people on a northern Ontario highway caught on video Thursday after a chain reaction following a truck fire.
Average hourly wage in Canada now $34.95: StatCan
Average hourly wages among Canadian employees rose to $34.95 on a year-over-year basis in April, a 4.7 per cent increase, according to a Statistics Canada report released Friday morning.
This iconic Canadian song is turning 50
Andy Kim's 'Rock Me Gently' is marking a major milestone, as it celebrates its 50th anniversary.