Stellantis has signed an asset purchase agreement to sell its idled Brampton assembly plant and associated equipment to Canadian defence contractor Roshel for an undisclosed amount, as reported by CityNews Toronto.
- Stellantis and Roshel signed an asset purchase agreement for an undisclosed amount to transfer ownership of the idled Brampton facility and associated equipment.
- The transaction follows a memorandum of understanding signed in September between Stellantis and Brampton-based armoured vehicle manufacturer Roshel.
- Both companies stated they are exploring future collaboration opportunities regarding vehicle technologies and related services within the defence industry.
The transaction follows a memorandum of understanding signed in September, according to CBC. The facility halted operations in 2023, resulting in more than 2,000 layoffs, after previously producing the Dodge Charger and Dodge Challenger. Production was initially slated to transition to Jeep vehicles before being paused and later shifted to the United States.
Unifor National President Lana Payne called the sale a betrayal
and a significant step backwards for Canada’s industrial economy,
as reported by CP24. Unifor represents more than 9,000 workers across Canada, with contract talks currently at an impasse regarding the Brampton site. A handful of Unifor members gathered outside the plant on Monday to demonstrate support for the union.
Stellantis CEO Antonio Filosa stated that the company remains committed to working with Unifor on a fair resolution
and noted that the sale creates a path to return the plant to productive industrial use. Filosa added that the move opens new opportunities for Stellantis within the defence sector.
Federal Industry Minister Mélanie Joly stated that the sale does not erase commitments made to workers in Brampton. Joly noted that she has reached out to representatives from Stellantis, Unifor, the Government of Ontario, and the Brampton plant to convene a meeting later in the week.
Brampton Mayor Patrick Brown stated via social media that Stellantis holds a legal obligation to Canadian taxpayers and a moral obligation to unionized workers.
| Key Milestone | Details |
|---|---|
| May 2022 | Federal government agreed to provide Stellantis with $529 million to retool Brampton and Windsor plants. |
| 2023 | Plant halted operations; last Dodge Charger and Challenger rolled off the assembly line; over 2,000 workers laid off. |
| September 2026 | Stellantis signed a memorandum of understanding with Roshel for a potential facility sale. |
| November 2026 | Asset purchase agreement officially signed between Stellantis and Roshel. |
Disclaimer: The information provided in this article is for educational and informational purposes only and does not constitute financial advice.
Agreed with @melaniejoly 👇🏼 Stellantis has a legal obligation to Canadian taxpayers and a moral obligation for decades for dedicated work to @UniforLocal1285. All parties involved must do better. https://t.co/ZN2yxlFzTx
