11:56:19 EDT Thu 02 Apr 2026
Enter Symbol
or Name
USA
CA



Toyota CDR (CAD Hedged)
Symbol TOYM
Shares Issued 150,000
Close 2026-04-01 C$ 11.98
Market Cap C$ 1,797,000
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Globe says Honda, rivals see Ford pan Stellantis plan

2026-04-02 08:18 ET - In the News

See In the News (C-HNDA) Honda CDR (CAD Hedged)

The Globe and Mail reports in its Thursday, April 2, edition that Stellantis NV has proposed assembling Chinese electric cars at its idled plant in Brampton, Ont., in partnership with Leapmotor, a China-based automaker it partly owns. The Globe's Eric Atkins quotes Unifor president Lana Payne saying that Stellantis is proposing to assemble Chinese cars using parts imported from China, or "knock-down kits." This is the way Chinese EV makers operate in Mexico and other countries, and it involves little local manufacturing and few local suppliers. It can be a way to skirt domestic tariffs and keep labour costs low. The investment is not finalized at this stage. Ms. Payne and other labour officials cautioned on Wednesday that such arrangements would not restore Canada's auto plants to their pretrade-war job levels. "This is not a proposal for assembly and manufacturing," Ms. Payne said. Ontario Premier Doug Ford said the federal government should not allow the potential Stellantis-Leapmotor deal to proceed, and that Ontario is looking into its options. He said, "It'd be pretty tough if Lana Payne said, you know, workers aren't going back until we see Ontario-made parts, manufacturing Ontario-made vehicles."

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