Ottawa’s $15B Stellantis gamble just BLEW UP
Ottawa gave Stellantis $15B with no job guarantees. Now the automaker is expanding production in the U.S., as Algoma Steel announces 1,000 layoffs despite receiving hundreds of millions in support.
Ottawa handed Stellantis $15 billion in subsidies to build electric-vehicle battery capacity in Canada. But with no job guarantees in the deal, the automaker has now announced major new investments and expanded production in Illinois and Michigan, including a 50% production increase and 5,000 new U.S. jobs.
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