Topic: New VW Battery Plant in Ontario

[EV Dan]

Meanwhile, the Canadian taxpayers:

[rrocket]

No shocker....and even then I think it will take longer

https://www.iheartradio.ca/am800/news/it-will-take-20-years-for-feds-to-break-even-with-volkswagen-stellantis-deals-pbo-1.20242227

[ArticSteve]

Will the plants even get built    Wise money says wait and see if Trump gets reelected.  If he does then the auto part of the new NAFTA agreement explodes and all auto parts will face a 15% tariff.

[rrocket]

Will the plants even get built    Wise money says wait and see if Trump gets reelected.  If he does then the auto part of the new NAFTA agreement explodes and all auto parts will face a 15% tariff.

The one here is being built at breakneck speed

Shocking how fast this massive project is moving

[blur911]

Will the plants even get built    Wise money says wait and see if Trump gets reelected.  If he does then the auto part of the new NAFTA agreement explodes and all auto parts will face a 15% tariff.

The one here is being built at breakneck speed

Shocking how fast this massive project is moving

https://www.cbc.ca/news/politics/south-korea-battery-factory-trade-deal-1.7035141?__vfz=medium%3Dsharebar

Hundreds of South Koreans expected to work at the NextStar EV battery factory in Windsor, Ont., are legally eligible to work in Canada under a 2015 free trade agreement negotiated and implemented by Stephen Harper's former Conservative government.

Maybe you can rent out rooms to the Korean workers?

[ArticSteve]

 That was a bombshell that hit just prior to the budget announced.   

It's coming to light that the LIBS knew all along that these 1600 Koreans would be building the tech part of the operation and for a few years.

For the Canadian workers that they hire after the Koreans leave, if they leave, primarily low paid repetitive type assemblers/handlers, will the enterprise actually play out as the battery tech already looks DOA.

[blur911]

That was a bombshell that hit just prior to the budget announced.   

It's coming to light that the LIBS knew all along that these 1600 Koreans would be building the tech part of the operation and for a few years.

If only we knew who was Minister of Labour when this deal was made....

[ktm525]

Lets see. Family of 5 can take $49999 in cash on vacation to a nice warm destination. Time to do yearly vacations and get some nest egg out of country.   

[ArticSteve]

When traveling together the limit for declaration is only 10K.  For example if husband and wife, or a couple with the same address are traveling together it's still 10K, not 20K.

[ktm525]

When traveling together the limit for declaration is only 10K.  For example if husband and wife, or a couple with the same address are traveling together it's still 10K, not 20K.

Really, I wonder what the  definition of together is?  I would have thought it was $10k per adult. How are $50 denominated gold coins handled? Can I bring 19 of those bad boys and declare it as $9500 legal tender?

[rrocket]

. How are $50 denominated gold coins handled?

That's a stupendous question and I'd love to know the answer.

[rrocket]

Let's have a look at the fine print!

https://windsorstar.com/news/local-news/political-brouhaha-erupts-in-ottawa-over-nextstar-other-battery-plant-deals

[ArticSteve]

Thxs for the link.  The bottom line is it's 15 BILLION DOLLARS of borrowed money.  For that amount why isn't the Canadian taxpayer getting an equity stake in Stellantis?   GM bailout under Harper resulted in an equity stake.  Eventually sold the shares at a profit.  Same deal with the old Chysler, but to a lesser extent.  Those of you who plan on retiring in 10 to 20 years; wakie wakie.

[Allen]

 
https://www.msn.com/en-ca/money/topstories/ottawa-s-ev-subsidies-show-tax-free-fairy-tales-do-come-true-for-some/ar-BB1izNab?ocid=hpmsn&cvid=62aa75b6a24340dd953285c4cd7c5634&ei=17

[rrocket]

https://www.msn.com/en-ca/money/topstories/ottawa-s-ev-subsidies-show-tax-free-fairy-tales-do-come-true-for-some/ar-BB1izNab?ocid=hpmsn&cvid=62aa75b6a24340dd953285c4cd7c5634&ei=17

Very expensive virtue signalling.