Ontario offer of $5B in tax credits to Stellantis 'the price of being in a global business,' minister says

  • 📰 CTVNews
  • ⏱ Reading Time:
  • 26 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 14%
  • Publisher: 99%

Nederland Nieuws Nieuws

Nederland Laatste Nieuws,Nederland Headlines

Ontario’s minister of economic development says the province’s offer of up to $5 billion in tax credits to automaker Stellantis is 'the price of being in a global business.'

with the governments of Canada and Ontario for the construction of an electric vehicle battery plant in Windsor.

The plant itself, set to cost about $5 billion, was first announced last year, but construction halted in May after the company decided to reopen negotiations for funding due to the U.S.The original deal saw the provincial and federal governments contribute $500 million each towards the plant.

🚨 Ontario and Canada have established a historic new EV and battery auto pact that will secure the next generation of auto jobs for Canadian workers for today, tomorrow, and the future.

Wij hebben dit nieuws samengevat zodat u het snel kunt lezen. Bent u geïnteresseerd in het nieuws, dan kunt u hier de volledige tekst lezen. Lees verder:

 /  🏆 1. in NL
 

Bedankt voor uw reactie. Uw reactie wordt na beoordeling gepubliceerd.

Nederland Laatste Nieuws, Nederland Headlines