In the News May 10

Ontario Election 2022

Matters of Concern

Who Is Stellantis?

The global private cartel Stellantis has announced it will build a battery plant in partnership with the south Korean conglomerate LG which will be located in the Windsor-Tecumseh riding. Stellantis N.V. with headquarters in Amsterdam is a global automotive manufacturing cartel formed in 2021 with the merger of the U.S./Italian Fiat Chrysler conglomerate and the French PSA Group (Peugeot S.A.). The principal financial oligarchs who own and control Stellantis are reported to be from Exor N.V. (14.35 per cent), Peugeot Invest (7.16 per cent), Bpifrance (6.15 per cent), Amundi (3.40 per cent), BlackRock (3.31 per cent), and Dongfeng Motor Corporation (3.17 per cent).

Stellantis buys the capacity to work of approximately 300,000 workers around the world and, according to Wikipedia, reported a gross income of $207 billion in 2021. The gross income of Stellantis is greater than half the reported gross income of $334-billion the Canadian federal government collected in 2019.

Ontario Political Forum, posted May 10, 2022.