Canada offered more than $13 billion for VW plant: gov't source — via drivingdotca
The new Volkswagen battery plant in Canada will have a maximum capacity of 90 gigawatt-hours, enough to provide batteries for more than a million cars annually, Handelsblatt reported, citing a company source familiar with the matter.
Volkswagen declined to comment on the Handeslblatt report. It is expected to announce further details of the project on Friday in a meeting between the management of its battery unit PowerCo and Canadian Prime Minister Justin Trudeau in Ontario, where the plant will be located. Europe’s biggest carmaker wants PowerCo to become a global battery supplier, and to meet half its own demand with plants mostly in Europe and North America, the carmaker’s board member in charge of technology told Reuters in an interview in March.
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
FIRST READING: VW's $13 billion is biggest corporate welfare payout in modern Canadian historyVolkswagen's $13 billion is the biggest corporate welfare payout in modern Canadian history. Bombardier's $4 billion, which was collected over 50 years, doesn't even come close
Read more »
Canada matched Joe Biden subsidies to win Volkswagen battery plant, pledging up to $13 billionUnprecedented contract provides annual production subsidies as well as a grant toward the factory’s capital cost
Read more »
Canada matched Joe Biden subsidies to win Volkswagen battery plant, pledging up to $13 billionUnprecedented contract provides annual production subsidies as well as a grant toward the factory’s capital cost
Read more »
Canada matched Joe Biden subsidies to win Volkswagen battery plant, pledging up to $13 billionUnprecedented contract provides annual production subsidies as well as a grant toward the factory’s capital cost
Read more »
Canada offered more than $13 billion for VW plant: gov't sourceThe total Canadian investment, possibly including funds from Ontario, will largely match value of U.S. incentives
Read more »
Canada offered more than $13 billion for VW plant: gov't sourceThe total Canadian investment, possibly including funds from Ontario, will largely match value of U.S. incentives
Read more »