Stellantis stops construction

wascobi
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Stellantis stops construction

Post by wascobi »

of course, I would too. they got nowhere near the money Trudeau gave VW. Gonna turn into a real messy lawsuit in no time me thinks...
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Carrs Landing Viking
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Re: Stellantis stops construction

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the truth
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Re: Stellantis stops construction

Post by the truth »

what a gong show
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seewood
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Re: Stellantis stops construction

Post by seewood »

Well, is it red or blue riding ?
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Glacier
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Re: Stellantis stops construction

Post by Glacier »

seewood wrote: May 15th, 2023, 2:06 pm Well, is it red or blue riding ?
Orange.
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The Green Barbarian
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Re: Stellantis stops construction

Post by The Green Barbarian »

Glacier wrote: May 15th, 2023, 2:20 pm
seewood wrote: May 15th, 2023, 2:06 pm Well, is it red or blue riding ?
Orange.
makes sense as it's Windsor so all union voters.
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Re: Stellantis stops construction

Post by blueliner »

Another day Another Justin Trudeau Scandal
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Catsumi
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Re: Stellantis stops construction

Post by Catsumi »

Sigh****

Another day in Canada where billions of bucks §§§ are burned, all in the name of something or other.

June 14. Tax Freedom Day for 2023.

Who is willing to bet on the date in 2024?..takers??
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Re: Stellantis stops construction

Post by mikest2 »

Catsumi wrote: May 15th, 2023, 6:24 pm Sigh****

Another day in Canada where billions of bucks §§§ are burned, all in the name of something or other.

June 14. Tax Freedom Day for 2023.

Who is willing to bet on the date in 2024?..takers??
I'm guessing Canada Day, celebrate the day not the way
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Catsumi
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Re: Stellantis stops construction

Post by Catsumi »

Okay. July 1st certainly not out of the question, unless the Feds print more $$$$ to delay day of reckoning.

I believe they are called ‘oncoming elections’
Sufficiently advanced incompetence is indistinguishable from malice. There’s a certain point at which ignorance becomes malice, at which there is simply no way to become THAT ignorant except deliberately and maliciously.

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Gone_Fishin
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Re: Stellantis stops construction

Post by Gone_Fishin »

Catsumi wrote: May 15th, 2023, 6:24 pm Sigh****

Another day in Canada where billions of bucks §§§ are burned, all in the name of something or other.

June 14. Tax Freedom Day for 2023.

Who is willing to bet on the date in 2024?..takers??
The way the Niberals are blowing our money on this woke EV crap, I expect 2024's Tax Freedom Day to be some time in 2025.
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Re: Stellantis stops construction

Post by The Green Barbarian »

EDITORIAL: Trudeau’s carbon tax fails us — again

Whatever happened to the Trudeau government’s promise his federal carbon tax would “stimulate innovation, investments in clean technology and benefit long-term growth opportunities”?

That Canada didn’t need to match U.S. President Joe Biden’s $369-billion in subsidies for green energy technology?

This because, as Prime Minister Justin Trudeau claimed last year, “one of the reasons the U.S. has to do so much more is they don’t have a price on pollution. They have to do through regulations and incentives and subsidies what we are already doing a lot of heavy lifting on with a price on pollution.”

On Monday, Stellantis, one of the world’s largest carmakers, announced it has stopped construction on a $5-billion electric vehicle battery plant in Windsor, Ont., claiming the Trudeau government, hasn’t lived up to its financial commitments to the project.

The company apparently wants a deal similar to the one the federal and Ontario governments recently gave German automaker Volkswagen, which is spending $7 billion on an electric vehicle battery plant in St. Thomas, Ont.

The federal and Ontario governments committed twice that amount — over $14 billion — in grants and long-term subsidies to Volkswagen to secure the deal.

Trudeau and Ontario Premier Doug Ford — the junior partner in that deal contributing $500 million, who is now urging Trudeau to pony up again for Stellantis — said the massive subsidies were necessary to compete with the U.S. for green energy projects.

This in the wake of Biden’s bizarrely named Inflation Reduction Act — which will actually fuel inflation through massive public subsidies of similar projects in the United States.
https://www.msn.com/en-ca/money/topstor ... 7b27&ei=44
"The western far Left is habitually the most stupid, naive people you can imagine. They come up with these really goofy constructs and it's all about feeling good about yourself." - James Carville
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The Green Barbarian
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Re: Stellantis stops construction

Post by The Green Barbarian »

GUNTER: Electric vehicles leave taxpayers on the hook

Image

^^^^
Two Liberal dimwits, celebrating blowing $13 billion of someone else's money. Just disgusting....
I’ve always believed the difference between the cost of a government subsidy and the value of the project it is subsidizing is nothing more than a political premium – the price the government of the day is willing to pay to bring an uneconomical project to a riding or region the ruling party feels is important to its re-election.

Economics has nothing to do with it.

Still, I’ve never seen a political premium the size of the one the Trudeau Liberals gave to Volkswagen to build an electric-vehicle battery plant in St. Thomas, Ont .: $13 billion in subsidies for a $7-billion plant.

Pretty sweet. If you’re Volkswagen. Not so sweet if you’re a taxpayer.

Of course, VW’s ridiculous sweetheart deal from Ottawa and the Ontario provincial government was bound to make their rival carmakers jealous. Evidence of that came Monday when Stellantis, parent company of Chrysler, announced it would stop construction on its $5-billion battery plant in Windsor until Ottawa and Queen’s Park sweetened Stellantis’ political premium.

The subsidy war could end up costing Canadian taxpayers far more than the initial $6-billion premium.

Welcome to the cult of the EV (electric vehicle). No price is too high to pay (with your money) for the moral piety that comes from politicians associating themselves with EVs.


On an economic level, EVs don’t make much sense.

Not only are there giant subsidies for the manufacture of them, there are huge subsidies to consumers who buy them. In some provinces, those taxpayer-funded incentives run to $8,000 or more, per vehicle.

There is also the huge cost to taxpayers to install charging stations in remote locations. Oil companies may find it profitable to build gas stations every couple of hundred kilometres. But it doesn’t pay to erect charging stations every 50 kilometres across, say, northern Ontario. That means EV-obsessed politicians have to pony up more of your money.

I’m also betting that when consumers are reluctant to jump aboard the EV bandwagon, politicians will start paying for home charging stations, too, as well as upgrades to local power grids and maybe even the construction of new power plants, too.

By the way, just where are all the new power plants that will fuel this EV revolution? To recharge all the EVs the Trudeau government has mandated by 2035 would require at least six new nuclear power plants. The average nuke generator takes 12 years from design to completion, which means there should be a minimum of six leaving the drawing board right now.

There are none.
https://www.msn.com/en-ca/money/topstor ... 1235&ei=59
"The western far Left is habitually the most stupid, naive people you can imagine. They come up with these really goofy constructs and it's all about feeling good about yourself." - James Carville
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liisgo
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Re: Stellantis stops construction

Post by liisgo »

The Green Barbarian wrote: May 16th, 2023, 3:28 pm GUNTER: Electric vehicles leave taxpayers on the hook

Image

^^^^
Two Liberal dimwits, celebrating blowing $13 billion of someone else's money. Just disgusting....
I’ve always believed the difference between the cost of a government subsidy and the value of the project it is subsidizing is nothing more than a political premium – the price the government of the day is willing to pay to bring an uneconomical project to a riding or region the ruling party feels is important to its re-election.

Economics has nothing to do with it.

Still, I’ve never seen a political premium the size of the one the Trudeau Liberals gave to Volkswagen to build an electric-vehicle battery plant in St. Thomas, Ont .: $13 billion in subsidies for a $7-billion plant.

Pretty sweet. If you’re Volkswagen. Not so sweet if you’re a taxpayer.

Of course, VW’s ridiculous sweetheart deal from Ottawa and the Ontario provincial government was bound to make their rival carmakers jealous. Evidence of that came Monday when Stellantis, parent company of Chrysler, announced it would stop construction on its $5-billion battery plant in Windsor until Ottawa and Queen’s Park sweetened Stellantis’ political premium.

The subsidy war could end up costing Canadian taxpayers far more than the initial $6-billion premium.

Welcome to the cult of the EV (electric vehicle). No price is too high to pay (with your money) for the moral piety that comes from politicians associating themselves with EVs.


On an economic level, EVs don’t make much sense.

Not only are there giant subsidies for the manufacture of them, there are huge subsidies to consumers who buy them. In some provinces, those taxpayer-funded incentives run to $8,000 or more, per vehicle.

There is also the huge cost to taxpayers to install charging stations in remote locations. Oil companies may find it profitable to build gas stations every couple of hundred kilometres. But it doesn’t pay to erect charging stations every 50 kilometres across, say, northern Ontario. That means EV-obsessed politicians have to pony up more of your money.

I’m also betting that when consumers are reluctant to jump aboard the EV bandwagon, politicians will start paying for home charging stations, too, as well as upgrades to local power grids and maybe even the construction of new power plants, too.

By the way, just where are all the new power plants that will fuel this EV revolution? To recharge all the EVs the Trudeau government has mandated by 2035 would require at least six new nuclear power plants. The average nuke generator takes 12 years from design to completion, which means there should be a minimum of six leaving the drawing board right now.

There are none.
https://www.msn.com/en-ca/money/topstor ... 1235&ei=59
:up: :up: :up:
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Catsumi
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Re: Stellantis stops construction

Post by Catsumi »

From linked material above
The subsidy war could end up costing Canadian taxpayers far more than the initial $6-billion premium.
Yes indeedy. We will have to pony up for the costs incurred by Stellantis as they sue the stupid, silly and mentally disabled Federal govt, plus court costs too, more than likely.

Will we ever be free of the damages caused by Putz & Co. ?
Last edited by Catsumi on May 17th, 2023, 9:09 am, edited 1 time in total.
Sufficiently advanced incompetence is indistinguishable from malice. There’s a certain point at which ignorance becomes malice, at which there is simply no way to become THAT ignorant except deliberately and maliciously.

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