12:26:22 EST Fri 13 Nov 2026
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Honda CDR (CAD Hedged)
Symbol HNDA
Shares Issued 70,000
Close 2026-11-12 C$ 12.37
Market Cap C$ 865,900
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Globe says Ford hears Ottawa poised to sue Stellantis

2026-11-13 08:49 ET - In the News

See In the News (C-F) Ford CDR (CAD Hedged)

The Globe and Mail reports in its Friday, Nov. 13, edition that Industry Minister Melanie Joly said Thursday that Stellantis has 30 days to reverse the sale of its Brampton, Ont. auto plant, or the federal government will sue to recover funds advanced for factory refits. The Globe's Eric Atkins writes that Ms. Joly said Ottawa aims to enforce the 2022 funding agreement and seek "hundreds of millions of dollars." Late Thursday, Trevor Longley, Stellantis Canada's chief executive officer, said the company would voluntarily repay $24-million in federal government support it received for Brampton's original retooling plan. He didn't provide any further details about the amount. Stellantis had previously offered to repay the federal government, but without giving details. "The agreement we have advanced with a Canadian manufacturer provides a path to return the facility to productive industrial use, create new jobs with priority hiring consideration for Brampton workers and secure a long-term future for the site," he said. A meeting earlier in the day with Ms. Joly, Stellantis officials, Ontario representatives and the Unifor union could not convince the automaker to cancel the sale announced on Monday.

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