Ontario premier criticizes Trump after Stellantis says it will move production from Canada to the US

Ontario premier criticizes Trump after Stellantis says it will move production from Canada to the US
Ontario Premier Doug Ford blamed US President Donald Trump for the company’s decision this week to shift production of the SUV from Brampton, Ontario, to Illinois. (AP)
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Updated 16 October 2025
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Ontario premier criticizes Trump after Stellantis says it will move production from Canada to the US

Ontario premier criticizes Trump after Stellantis says it will move production from Canada to the US
  • “That guy, President Trump, he’s a real piece of work,” Ford said

TORONTO: The leader of Canada’s most populous province called for economic retaliation on the US after auto company Stellantis said it was moving planned production of its Jeep Compass from Canada to the US
Ontario Premier Doug Ford blamed US President Donald Trump for the company’s decision this week to shift production of the SUV from Brampton, Ontario, to Illinois as part of plan to invest $13 billion to expand its manufacturing capacity in the United States.
The comments come as Canada is negotiating to reduce tariffs. Trump has been urging the Big 3 American automakers to move production to the US
“That guy, President Trump, he’s a real piece of work,” Ford said. “I’m sick and tired of rolling over. We need to fight back.”
Ford said Canada needs to hit back with tariffs if Prime Minister Mark Carney can’t reach a trade deal with Trump.
Dominic LeBlanc, the minister responsible for Canada-US trade, is in Washington this week for talks to reduce tariffs on certain sectors. Carney left Washington last week without a deal.
Carney said the move by the world’s fourth-largest carmaker was a direct consequence of tariffs and his government would work with Stellantis to create new opportunities in the Brampton area. Carney added that Ottawa expects Stellantis to fulfill its commitment to Brampton workers. The federal government threatened legal action against the company.
Federal Industry Minister Mélanie Joly said the production shift is “unacceptable” and warned Stellantis made commitments to Canadian production in exchange for substantial financial support.
“Anything short of fulfilling that commitment will be considered as default under our agreements,” Joly wrote in a letter to the company chief executive.
Fear has spread in Ontario over what will happen to Canada’s auto sector. Autos are Canada’s second-largest export and Carney has noted the sector employs 125,000 Canadians directly and almost another 500,000 in related industries.
“Stellantis is bowing at the Trump administration with this pledge of massive investments in the US,” Brampton Mayor Patrick Brown told the Canadian Broadcasting Corporation.
“If this bullying tactic works with Stellantis I expect it to be replicated to every other automaker that has a presence in Canada and frankly other sectors that the US has an interest in.”
Workers at the Stellantis assembly plant in Brampton were greeted Wednesday with a robocall from their employer that said work they’d been waiting for wouldn’t be coming back. The company closed the factory in 2023 and laid off its roughly 3,000 workers as it retooled the facility.
Stellantis said it would reopen its Belvidere Assembly Plant in Illinois to expand US Jeep production, creating thousands of new jobs there.
Vito Beato, president of Unifor Local 1285, which represents the Brampton plant workers, said the news came as a surprise because Stellantis had said previously it was committed to producing its Jeep Compass in Brampton.
Stellantis said it continues to invest in Canada, including adding a third shift to the Windsor, Ontario assembly plant, and that it is in talks with the government on the future of the Brampton facility.
Carney won the country’s election earlier this year fueled by Trump’s annexation threats and trade war, but has tried to improve relations ahead of a review of the free trade deal next year. More than 75 percent of Canada’s exports go to the US and Canada recently dropped many of its retaliatory tariffs to match US tariff exemptions for goods covered under the United States-Mexico-Canada trade pact.
Ford said Canada should start responding to Trump’s tariffs with its own harsh measures.
“That’s the only thing that this person understands,” Ford said of Trump. Ford is scheduled to meet with Carney this week.


Musk could become history’s first trillionaire as Tesla shareholders approve giant pay package

Musk could become history’s first trillionaire as Tesla shareholders approve giant pay package
Updated 07 November 2025
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Musk could become history’s first trillionaire as Tesla shareholders approve giant pay package

Musk could become history’s first trillionaire as Tesla shareholders approve giant pay package
  • Vote comes Tesla car sales continue to plunge in Europe, including a 50% collapse in Germany
  • Many Tesla investors still consider Musk as a sort of miracle man capable of stunning business feats
  • Critics say Tesla board was too beholden to Musk, his behavior too reckless lately and the riches offered too much

NEW YORK: The world’s richest man was just handed a chance to become history’s first trillionaire.

Elon Musk won a shareholder vote on Thursday that would give the Tesla CEO stock worth $1 trillion if he hits certain performance targets over the next decade. The vote followed weeks of debate over his management record at the electric car maker and whether anyone deserved such unprecedented pay, drawing heated commentary from small investors to giant pension funds and even the pope.

In the end, more than 75% of voters approved the plan as shareholders gathered in Austin, Texas, for their annual meeting.

“Fantastic group of shareholders,” Musk said after the final vote was tallied, adding “Hang on to your Tesla stock.”

The vote is a resounding victory for Musk showing investors still have faith in him as Tesla struggles with plunging sales, market share and profits in no small part due to Musk himself. Car buyers fled the company this year as he has ventured into politics both in the US and Europe, and trafficked in conspiracy theories.

The vote came just three days after a report from Europe showing Tesla car sales plunged again last month, including a 50% collapse in Germany.

Still, many Tesla investors consider Musk as a sort of miracle man capable of stunning business feats, such as when he pulled Tesla from the brink of bankruptcy a half-dozen years ago to turn it into one of the world’s most valuable companies.

The vote clears a path for Musk to become a trillionaire by granting him new shares, but it won’t be easy. The board of directors that designed the pay package require him to hit several ambitious financial and operational targets, including increasing the value of the company on the stock market nearly six times its current level.

Musk also has to deliver 20 million Tesla electric vehicles to the market over 10 years amid new, stiff competition, more than double the number since the founding of the company. He also has to deploy 1 million of his human-like robots that he has promised will transform work and home — he calls it a “robot army” — from zero today.

Musk could add billions to his wealth in a few years by partly delivering these goals, according to various intermediate steps that will hand him newly created stock in the company as he nears the ultimate targets.

That could help him eventually top what is now considered America’s all-time richest man, John D. Rockefeller. The railroad titan is estimated by Guinness World Records to have been worth $630 billion, in current dollars, at his peak wealth more than 110 years ago. Musk is worth $493 billion, as estimated by Forbes magazine.

Musk’s win came despite opposition from several large funds, including CalPERS, the biggest US public pension, and Norway’s sovereign wealth fund. Two corporate watchdogs, Institutional Shareholder Services and Glass Lewis, also blasted the package, which so angered Musk he took to calling them “corporate terrorists” at a recent investor meeting.

Critics argued that the board of directors was too beholden to Musk, his behavior too reckless lately and the riches offered too much.

“He has hundreds of billions of dollars already in the company and to say that he won’t stay without a trillion is ridiculous,” said Sam Abuelsamid, an analyst at research firm Telemetry who has been covering Tesla for nearly two decades. “It’s absurd that shareholders think he is worth this much.”

Supporters said that Musk needed to be incentivized to focus on the company as he works to transform it into an AI powerhouse using software to operate hundreds of thousands of self-driving Tesla cars — many without steering wheels — and Tesla robots deployed in offices, factories and homes doing many tasks now handled by humans.

“This AI chapter needs one person to lead it and that’s Musk,” said financial analyst Dan Ives of Wedbush Securities. “It’s a huge win for shareholders.”

Investors voting for the pay had to consider not only this Musk promise of a bold, new tomorrow, but whether he could ruin things today: He had threatened to walk away from the company, which investors feared would tank the stock.

Tesla shares, already up 80% in the past year, rose on news of the vote in after-hours trading but then flattened basically unchanged to $445.44.

For his part, Musk says the vote wasn’t really about the money but getting a higher Tesla stake — it will double to nearly 30% — so he could have more power over the company. He said that was a pressing concern given Tesla’s future “robot army” that he suggested he didn’t trust anyone else to control given the possible danger to humanity.

Other issues up for a vote at the annual meeting turned out wins for Musk, too.

Shareholders approved allowing Tesla to invest in one of Musk’s other ventures, xAI. They also shot down a proposal to make it easier for shareholders to sue the company by lowering the size of ownership needed to file. The current rule requires at least a 3% stake.