GM Hit With a $500B Canada Shock — What It Really Means | Victoria Stone

Описание: GM Hit With a $500B Canada Shock — What It Really Means | Victoria Stone

"These unacceptable decisions are in contravention of their legal obligations to Canada."

That's Canada's Finance Minister — talking about General Motors. A company that received BILLIONS in taxpayer subsidies. A company that just got hit with one of the most aggressive trade punishments in years.

Canada slashed GM's tariff-free import quota by 24.2%. They cut Stellantis's quota in HALF. And now they're demanding $500 MILLION back from Stellantis for breaking their promises.

In this video, I break down what happened, why it matters, and what it means for American consumers who are about to pay even MORE for new cars.
━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━

📌 KEY QUOTES FROM THIS VIDEO:

🔴 FRANÇOIS-PHILIPPE CHAMPAGNE (Canada Finance Minister):
"These unacceptable decisions are in contravention of their legal obligations to Canada and Canadian workers."

🔴 MÉLANIE JOLY (Canada Industry Minister):
"These companies have received billions in public support. They cannot turn their backs on the country that financed them."

🔴 MARK CARNEY (Canada Prime Minister):
"This is not only about unfulfilled agreements but about protecting Canadian industrial capacity."

━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━

📊 KEY NUMBERS FROM THIS VIDEO:

$500.7 BILLION — US direct investment in Canada (at risk)
24.2% — GM's tariff-free quota CUT
50% — Stellantis quota CUT
$500 MILLION — Stellantis ordered to repay
$10.8 BILLION — 2009 GM bailout from Canada
$2.8-4 BILLION — Money Canada NEVER got back
1,200 jobs — Lost at CAMI plant (Ingersoll)
1,750 jobs — Lost at Oshawa (direct + supply chain)
$4-5 BILLION — GM tariff losses in 2025
$46.5 BILLION — Annual Canadian auto exports to US
$3.6 BILLION — Daily Canada-US trade

━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━

🚗 GM PLANT CLOSURES IN CANADA:

→ CAMI Assembly (Ingersoll, ON) — SHUT DOWN
• BrightDrop EV van production ended
• 1,200 workers laid off
• Plant sat empty after $1B retool

→ Oshawa Assembly (Oshawa, ON) — 3RD SHIFT CUT
• 750 GM employees losing jobs (January 2026)
• 1,000+ supply chain jobs affected
• Production moving to Fort Wayne, Indiana

→ Propulsion Plant (St. Catharines, ON) — WORKFORCE HALVED
• EV refit delayed until 2027
• ~600 workers remain

━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━

💰 HISTORY OF CANADIAN SUBSIDIES TO GM:

2009: $10.8 BILLION bailout (Canada lost $2.8-4B)
2022: $518 MILLION for Oshawa + CAMI
1987: $112 MILLION for Ingersoll plant (now closed)
1987: $220 MILLION for Quebec plant (GM left in 2002)
TOTAL: TENS OF BILLIONS over decades

━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━

🌎 WHY THIS MATTERS TO AMERICANS:

→ Supply chains are INTEGRATED — parts cross border 8 times
→ Disruptions = HIGHER PRICES for US consumers
→ Average new car already $48,000+ (could break $50K)
→ GM losing $4-5 BILLION to tariffs in 2025
→ Those costs get passed to YOU

━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━

📅 WHAT'S COMING IN 2026:

→ January: Oshawa loses 3rd shift (1,750+ jobs gone)
→ Spring: CUSMA trade agreement review begins
→ September: Unifor contracts with Big Three expire
→ Ongoing: $2.9 BILLION in Ontario auto investment at risk

━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━

📰 SOURCES CITED:

Government of Canada — Official announcement (Oct 23, 2025)
CBC News — Auto industry analysis
Globe and Mail — Subsidies investigation
Statistics Canada — Trade data
Canadian Vehicle Manufacturers' Association
Financial Post — GM earnings reports
Canadian Federation of Independent Business

━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━

❓ QUESTIONS ANSWERED IN THIS VIDEO:

→ What did Canada do to GM and Stellantis?
→ Why did GM close plants in Canada?
→ How much money did Canada give GM over the years?
→ What does "$500 billion" actually refer to?
→ How will this affect American car prices?
→ What happens when CUSMA is reviewed in 2026?

━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━

🔔 SUBSCRIBE FOR MORE:

I cover the global events that affect YOUR life — trade wars, economic shifts, and geopolitical moves that the mainstream media glosses over.

→ Hit SUBSCRIBE
→ Click the BELL for notifications
→ COMMENT: Should governments demand money back when companies break promises?

━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━

🔍 RELATED TOPICS:

GM Canada, Canada tariffs, auto industry crisis, Trump trade war, Stellantis Canada, Oshawa plant, CUSMA 2026, Mark Carney, corporate subsidies, North American auto

━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━

⚠️ DISCLAIMER:

This channel provides news analysis and commentary based on publicly available sources. Views expressed are my own. I encourage viewers to research topics independently and form their own conclusions.