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Stellantis Signs Memo with Roshel for Possible Sale of Idle Plant
Mint 1 hr ago·11 Sept 2026, 6:41 pm
Stellantis has entered into a preliminary agreement with Roshel, a Canadian armored vehicle maker, to explore the sale of a shuttered manufacturing plant near Toronto. This move aims to find a new operator for the facility, which has been sitting idle, by potentially repurposing it for producing armored vehicles.
This development is significant for the Canadian auto sector as it highlights the economic challenges created by US trade policies. With tariffs disrupting traditional supply chains, automakers are looking for alternative uses for their assets to maintain operations and support local employment.
Investors should monitor the progress of these talks and any official announcements regarding the plant's future. A successful sale could stabilize the local market, while delays might signal continued uncertainty in the North American auto industry.
Excerpt from Mint
(Bloomberg) -- Stellantis NV has signed a memorandum with a Canadian armored vehicle manufacturer that outlines steps toward the sale of an idled car factory near Toronto — a move that represents yet another ripple effect of US tariffs on the Canadian auto sector. Roshel Inc., which is headquartered near the…Read the original at Mint
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