610 CKTB: Is Stellantis’ $100 Fire Sale of $3.5B in Assets & Billion Dollar Investment a Sound Strategy or Hasty Retreat?
Jon Liedtke joined The Gene Valaitis Show on Niagara's 610 CKTB to discuss the controversial divestment by Stellantis from the NextStar Energy battery plant in Windsor, Ontario to LG Energy Solutions.
During the segment, Liedtke and Valaitis explored several critical points regarding the state of the Canadian automotive industry:
The "$100" Stake Sale: Stellantis liquidated its 49% stake in the brand-new $6 billion joint venture for a mere $100, despite having already invested $1 billion in "cold hard cash" into the project.
Corporate Retreat vs. Pivot: While local investment agencies…
The skinny
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