Ottawa’s $15B Stellantis gamble just BLEW UP
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.Conservative Leader Pierre Poilievre says the Liberals effectively “bankrolled Stellantis’ U.S. expansion,” noting the company’s new U.S. investment is almost identical to the subsidy Canadians were forced to provide.
Canadian Taxpayers Federation federal director Franco Terrazzano joins Marc Patrone to break down the scale of these subsidies and why Ottawa keeps writing billion-dollar cheques with no safeguards.
Also, OneBC Caucus advisor Wyatt Claypool weighs in on the growing turmoil inside the BC Conservative Party, where leader John Rustad has resigned after losing caucus support.
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