STOCKS | Stellantis Agrees to Sell Idle Canadian Assembly Plant to Roshel

Stellantis said Monday it would sell its idle assembly plant in Brampton, Canada, to defense technology company Roshel; the sale price was not disclosed. According to Sina Finance, Stellantis closed the plant in 2023 for equipment upgrades and suspended the work in 2025; after U.S. President Donald Trump raised tariffs on Canadian goods, the company decided to move future Jeep Compass production to a plant in Illinois. Stellantis had also been in a dispute with Canadian union Unifor over arrangements for workers at the plant. Canada's Industry Minister Melanie Joly said the sale did not release Stellantis from its commitments to workers and planned to convene Unifor, Stellantis, the Ontario government, and plant workers this week. Stellantis CEO Antonio Filosa said the company remained committed to working with Unifor toward a fair solution after three years of paid layoffs. Unifor National President Lana Payne said Stellantis had betrayed union members with a “disgraceful deal” and abandoned its commitments to them.