Part 2/10:
The $13 billion plan had represented a massive boost to Ontario’s economy, which heavily relies on the automotive sector. Historically, Canada's car industry accounts for a significant portion—roughly one-third—of manufacturing jobs and is a vital pillar of Ontario's economy, which contributes nearly half of Canada's overall GDP. The decision by Jeep to pull back on this substantial investment is more than just a corporate shift; it is a blow to Canadian economic aspirations and employment stability.
In response, Canada announced plans to sue Jeep to try to recover billions in previously granted corporate welfare, but experts suggest there is little chance of success. The move underscores the waning influence of Canadian government incentives amidst a tense bilateral trade environment.