Canada has threatened to sue Stellantis over the planned sale of its idled assembly plant in Brampton, Ontario, to armored vehicle manufacturer Roshel. Industry Minister Mélanie Joly said the company breached commitments made to the federal government and workers by agreeing to sell the facility, leaving it liable for hundreds of millions of dollars. Stellantis received a formal notice of default and has 30 days to address the government’s concerns or face legal action. The automaker announced it will return 24 million dollars in federal subsidies, well below Ottawa’s estimate of the amount owed, while its shares have fallen more than 60 percent since the start of 2026.
Source: Read the original article
Disclaimer: this content is for information purposes only and is not financial advice. Cryptocurrencies are highly volatile: you may lose all of your capital. Always do your own research. Legal notice
