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Canada threatens legal action against Stellantis over Brampton plant sale breach

Market News
13 Nov 2026, 11:45 WIB
CNBC
View Source
Bearish
Canada threatens legal action against Stellantis over Brampton plant sale breach

Canada has issued a 30-day formal notice to Stellantis over alleged breaches of a federal funding agreement related to the sale of its Brampton assembly plant to Roshel. The Canadian government claims Stellantis violated commitments by shifting production to the U.S., potentially owing hundreds of millions in repayments. Stellantis plans to return $24 million in subsidies but disputes the government's higher estimate. The dispute highlights tensions amid U.S.-Canada trade conflicts and pressures on automakers to relocate production south of the border.

Stellantis shares trade near their 52-week low of $3.86, currently priced at $3.88 on Pluang as of Nov 13, 2026 17:01 WIB, showing a slight 0.52% increase in the last day. Despite the recent uptick, the stock remains far below its 52-week high of $12.12, with all Pluang order activity currently on the sell side. This trading pattern may reflect investor caution amid the ongoing dispute with Canada over production shifts and subsidy repayments.

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