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سرايا الإخبارية
BYD explores purchase of Toronto-area Stellantis plant
The Chinese company BYD has proposed acquiring a shut-down factory on the outskirts of Toronto owned by Stellantis. The factory ceased manufacturing Jeep Compass vehicles after the United States imposed tariffs on foreign cars, which disrupted the company's previous plans and led to a decline in its market position in Canada. Trade agreements and American taxes, including the potential increase of tariffs to 50%, threaten the factory's future, which has been out of production since late 2023, raising concerns about job losses in the region. The Canadian government is seeking to attract Chinese investment to bolster the automotive industry and create jobs, but the factory's future remains uncertain amid the absence of a clear trade agreement between the United States and Canada.
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