A post by @FirstSquawk on X.

Canada’s Industry Minister Mélanie Joly said Stellantis is in default of a Canadian funding agreement and faces exposure of hundreds of millions of dollars, putting the automaker’s Canadian incentives at risk. Joly said federal and Ontario ministers will meet with Stellantis’s global CEO to address the breach. The dispute matters because it signals potential strain in government support for Stellantis’s Canadian operations and could affect investment plans tied to the funding deal. Watch for the outcome of the CEO meeting and whether the parties renegotiate terms or Stellantis repays or restores obligations under the agreement.