12:54:39 EDT Wed 23 Sep 2026
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Ford CDR (CAD Hedged)
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Close 2026-09-22 C$ 11.035
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FP says Ford, rivals hear Brampton plant sale panned

2026-09-23 09:33 ET - In the News

Also In the News (C-HNDA) Honda CDR (CAD Hedged)
Also In the News (C-TOYM) Toyota CDR (CAD Hedged)

The Financial Post reports in its Wednesday, Sept. 23, edition that industry watchers are backing Unifor's opposition to Stellantis's plan to sell its idled Brampton plant to armoured-vehicle maker Roshel, warning the move could set a precedent for other automakers to walk back commitments to Canada. Postmedia's Jonathan Juha writes that contract talks between the union and Stellantis broke down on Sept. 11 after the union said it was informed the automaker had signed a memorandum of understanding to sell the plant. Roshel said it would quickly bring back workers to the facility if it secures a Canadian military contract for light utility vehicles. "The big fear for Unifor, and the fear that I share, is that watching one of the major automakers leave Canada would send a signal to all the rest of the industry that this can happen, not just for Ford and General Motors that Unifor bargains with, but also Honda and Toyota," said Jim Stanford, an economist and director at the Centre for Future Work. He said compounding the issue is that the provincial and federal governments committed hundreds of millions of dollars to help Stellantis retool the Brampton plant in return for production commitments.

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