Canada to Claim Stellantis, GM Owe Hundreds of Millions to Government (www.wsj.com)

submitted 3 days ago* (last edited 3 days ago) by NightOwl@lemmy.ca to c/canada@lemmy.ca

17 comments fedilink hide all child comments

Archive: [ https://archive.is/Ljy3w ]

top 17 comments

sorted by: hot top new old

[-] Lemmyoutofhere@lemmy.ca 31 points 3 days ago

Good. Fuck the US, and American corps.

[-] panda_abyss@lemmy.ca 27 points 3 days ago

You can't take our money and leave.

If you take a deal, fulfil your end of the bargain.

[-] SanctimoniousApe@lemmings.world 13 points 3 days ago* (last edited 3 days ago)

That's not the ~~Trump~~ American way.

Yes, this is a thoroughly disgusted and embarrassed American saying this.

[-] panda_abyss@lemmy.ca 10 points 3 days ago

I'm 95% sure Trump will go and throw a hissy fit about any fine these companies face and we won't recoup it — with threats of annexing us again and boosting tariffs to some new more than 100% number.

So you can save some of your disgust for later in the week.

[-] group_hug@sh.itjust.works 2 points 2 days ago

If America puts 100% tarrifs on every country it will implode. As countries stand their ground it will continue to be tarrif musical chairs. As that continues more countries will plan to trade elsewhere as it is too chaotic and unreliable.

[-] ILikeBoobies@lemmy.ca 1 points 2 days ago* (last edited 2 days ago)

American companies doing this is nothing new, the issue was raised when these deals were signed.

Our only response is to ban the sale of their vehicles until it's paid back.

[-] SaveTheTuaHawk@lemmy.ca 1 points 2 days ago

There is nothing to pay back, these were production based tax credits. They see no $ if they don't make cars here.

[-] ILikeBoobies@lemmy.ca 3 points 2 days ago

Then just the paying of the regular breach of contract fines.

Doesn't make a difference.

[-] kent_eh@lemmy.ca 1 points 2 days ago

It's always a roll of the dice what Trump might freak out about next.

[-] maplesaga@lemmy.world -5 points 3 days ago* (last edited 3 days ago)

The problem is the Liberals put no clause in to deal with this situation. They cant retroactively make a law against their own stupidity for signing a bad contract, the best they can do is arbitrarily punish them, sending the signal we operate our country not by laws but like North Korea. Companies would need to factor that into their risk metrics.

[-] fourish@lemmy.world 9 points 3 days ago

Aww. Baby cons are butt hurt.

Maybe time for a good round of fuck Trudeau? lol.

[-] SaveTheTuaHawk@lemmy.ca 2 points 2 days ago

The problem is the Liberals put no clause in to deal with this situation.

of course they did. No one gets federal money without audits and milestones. Focus back on haircuts and socks, because you have no idea how these deal work.

[-] panda_abyss@lemmy.ca 2 points 2 days ago

Seeing as neither of us know the details, we’ll see.

But if the money was given to invest here, and they withdraw their investments, even without a specific penalty clause that can be breach of contract and have damages.

[-] pubquiz@lemmy.world 2 points 2 days ago

WTFF is this screed? A deal signed before the naziamerican diaper shitter came back? Does our liddle con man have some hurt fee-fees because there was no clause written in for every possible eventuality?

Go emigrate, ungrate.

[-] SaveTheTuaHawk@lemmy.ca 6 points 2 days ago

WSJ is a rag.

The federal indentives to Stellantis and GM were production-based tax incentives. So, the money was allocated for the future, but nothing was actually paid out. What Joly is saying is that if they bail on production, they will see no money. That was the deal from day one.

There is a myth propagated in media, especially the National Compost, that the government throws away free money without requirements and milestones. My Boomer Conservative neighbours love this idea, but it lives in their head rent free.