Stellantis still in talks with Canada over shuttered Brampton plant

Investing.com -- Stellantis NV continues discussions with the Canadian government and union regarding the future of its closed factory in Brampton, Ontario, the automaker's Canadian CEO said.

Trevor Longley, Stellantis Canada CEO, told BNN Bloomberg TV on Thursday that the company aims "to find a sustainable option for Brampton" following the relocation of Jeep Compass SUV production to the United States.

"The reality is that we want to build cars in Brampton. We've been making cars in Canada for 100 years and we want to continue making cars in Canada for the next 100," Longley stated during an interview at the Canadian International AutoShow in Toronto.

He added that Stellantis is "working proactively with our government and partners" and with Unifor, the union representing Brampton workers, to "find solutions for the tariff situations that have been imposed."

In October, Stellantis announced the transfer of production from Brampton to Illinois as part of a $13 billion investment strategy to strengthen its U.S. operations and avoid tariffs. This decision impacted 3,000 Canadian workers employed at the plant.

Longley noted that more details on the plan are needed for evaluation, but said "anything that protects Canadian industry and Canadian auto production, I think is a positive move."

He also pointed out that "for many years, it's been more cost-effective to import cars into Canada than it is to make them here," while emphasizing the company's desire to maintain its investment in the country "well into the future."

You May Also Be Interested In

• Jeep® Brand Celebrates Off-road Enthusiast Community With New 2027 Jeep Wrangler Smoky Mountain Special Edition
• Sigma Lithium resumes full operations after signing TAC agreement
• Lazard Global Total Return fund declares $0.1534 monthly distribution