Volkswagen, Mercedes are in Canada’s sights for EV deals – EQ Mag
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Industry minister heads to Germany amid competition with US
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Generous incentives risk luring investment away from Canada
Canadian Prime Minister Justin Trudeau’s government is trying to land supply-chain deals with major German automakers in the face of fierce competition from the US on electric-vehicle production.
Industry Minister Francois-Philippe Champagne has embarked on a week-long trip to Belgium and Germany, where he’ll attend the management conference of Volkswagen AG and the board meeting of Mercedes-Benz Group AG, among other gatherings.
Source: Bloomberg
