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.
Stellantis plans to invest more than €1 billion to produce a new van at a factory in France, part of a wider overhaul of its European manufacturing operations, according to people familiar with the situation.