NEW - Complete FAILURE
the $7B Volkswagen PowerCo project in St. Thomas, one of last remaining Canadian automotive projects, announces a major delay!
It joins TEN other subsidized projects being cancelled or suspended:
Honda — Alliston: suspended May 2026.
Northvolt — Quebec: cancelled 2025.
VW PowerCo — St. Thomas: delayed to 2029 (today). Still building.
Ford EcoPro — Bécancour: paused.
GM–POSCO — Bécancour: Phase 1 late 2026; Phase 2 paused.
Umicore — Loyalist Twp: construction paused 2024. No restart date.
Lion Electric — Quebec: company collapsed / plant idle.
Ford Oakville: EV plan dumped. Building gas Super Duty.
GM Ingersoll / BrightDrop: production ended Oct 2025.
Stellantis Brampton/Windsor retool: Brampton stopped; Windsor still running.