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BYD plans to buy Stellantis plant in Toronto
BYD has announced its intention to acquire a factory owned by Stellantis in the Toronto area, as part of its efforts to expand bus production and localize manufacturing in Canada. This comes amid the decline of previous plans to re-manufacture the Jeep Compass model due to US-Canadian trade tensions. Stellantis had halted the factory's revitalization project last year because of strict import tariffs on vehicles from Washington, but the increasing attraction of Canadian facilities by global automakers reflects a trend toward strengthening local manufacturing.
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