Ottawa, province hope 'aggressive package' can prevent Stellantis plant sale: Joly

Summary

• Industry Minister Mélanie Joly remains hopeful about preventing Stellantis from selling its Brampton assembly plant to Roshel despite prior threats to sue.
• The federal government has presented an aggressive package to Stellantis to stop the sale & plans to discuss new scenarios during a meeting with CEO Antonio Filosa.
• Ontario Economic Development Minister Vic Fedeli indicated that support is available to Stellantis if the company can delay the sale to the defense contractor.
• Joly warned that proceeding with the sale would make Stellantis liable to repay "hundreds of millions of dollars" in federal funding intended for electrification retooling.
• Stellantis stated on Thursday that it intends to repay only $24 million of the federal support received specifically for the Brampton facility.