Inside the Volkswagen deal: How Canada fought off the U.S. to land a coveted electric vehicle battery plant

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Faced with demands for transparency, federal and provincial government officials say details are scarce because things are still at the height of sensitive and competitive commercial talks.

OTTAWA — An intense Canadian lobbying effort to woo Volkswagen to build an electric vehicle battery plant in Ontario began more than a year ago, and ended with an hour’s notice Monday when the global automaker finally made its decision public.

After Volkswagen and its subsidiary PowerCo SE finally revealed it had selected St. Thomas — a decision finalized within the last two weeks — at federal and provincial political levels there was a massive sigh of relief. Fedeli, who also travelled several times to Germany as part of Canada’s effort, said he was “confident” that Canada had the best pitch in October when “we stood on a roof in a building in Wolfsburg looking down at the gigafactory being built there, and I thought ‘yeah, we know how to do this, it should land here.’”Competition from American car-making states had been fierce.

Volpe says the governors of those states were likely part of the pitches, and in his view, the fact that Trudeau got personally involved helped, but Volpe gives “equal credit” to the federal and provincial governments for deciding to work together to make the deal happen.

 

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EVs are worse for the planet than reg V’s. Get them outta here

Alternatively: VW saw Trudeau in power destroying an industry that is 15% of our exports and knew that our dollar is going to stay low for a long time.

cdnpoli cdnpolitics Canada Ontario economy Jobs To help you understand why Oklahoma lost out on getting this major Volkswagen electric Battery plant:

What did you give away?

It takes true business acumen & tremendous amounts of negotiation prowess to lure a company to do business with you when you throw subsidizations and endless money at them

zzz

How is this coveted when VW is getting significant subsidiaries and tax brakes to operate here They’ll just leave once these things expire.

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Canada chosen for first Volkswagen EV battery plant in North AmericaVolkswagen has announced it plans to build an electric vehicle battery plant in southwestern Ontario. The European automaker announced Monday that the Volkswagen Group and its battery company PowerCo will establish its first overseas 'gigafactory' for battery cell manufacturing in St. Thomas, Ont., with the start of production planned for 2027. Taxpayer building it ? And we all know who invented Volkswagen.... Great for Ontario. However feds should be also helping Canadian companies to manufacture batteries so we have raw materials to finished products sourced and made here sold to world and profits jobs all here
Source: CTVNews - 🏆 1. / 99 Read more »