Stellantis, formed from the merger of Chrysler Automobiles and PSA Group last year, plans to invest CAD$3.6 billion ($2.8 billion) to retool its two car assembly plants in Canada to produce electric vehicles. The value of the announced investment is more than double the previous commitment the company had previously made in negotiations with the union.
The statement said the company will add a new platform that will allow electric vehicles to be built at each of its two factories in Windsor and Brampton in the Canadian province of Ontario. The investment will restore jobs at two factories that have seen job losses in recent years.
“This investment confirms our long-term commitment to Canada and is an important step in our transition to zero emissions vehicles,” said Mark Stewart, COO of Stellants North America.
Source: El Iktisad
