Tuesday, February 3, 2026 at 10:36 PM
The move could escalate tension between Ottawa and the automakers, who have scaled back production in the country.
The charges are part of a shift away from EVs amid weaker-than-expected demand. The company’s Europe-listed shares fell more than 20%.
The president says the move is in response to Canada delaying certification of U.S.-made Gulfstream jets.
After struggling to obtain new money from its top lenders, the bankrupt auto-parts supplier said it has secured prepayments from its largest customers.
Everyone told the company to sell its unprofitable fiber-optic business. Now that division is powering its stock to all-time highs.
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