Stellantis says financial loss caused by Trump tariffs as Brampton plant sits empty
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
CTV News
an hour ago
- CTV News
B.C. Premier to discuss tariffs and pipelines during annual summer summit
B.C. Premier David Eby appears in Vancouver, on Monday, May 26, 2025. THE CANADIAN PRESS/Darryl Dyck B.C Premier David Eby joined his counterparts in Ontario's cottage county Monday for an annual summer summit, hosted this year by Premier Doug Ford. The focus of the three-day summit is fighting U.S. President Donald Trump's looming tariffs, set to kick in Aug. 1. Eby said Monday that he wants to see softwood lumber front and centre in trade negotiations and is open to export quotas on Canadian lumber. 'If we could get a deal on this, it would support Americans, it would support Canadians and it would be a net win,' he told reporters. 'I'm a huge fan of the idea, I've been advocating for that with the prime minister. Let's get a deal done, and I'm hopeful he's been hearing that message.' Monday's events included a session with First Nations leaders who have pushed back on legislation designed to fast-track infrastructure and energy projects and are calling for more consultation. The premiers emerged from the day's meeting expressing support for including the prime minister in a follow-up meeting with First Nations leadership. Another issue on deck is removing inter provincial trade barriers, something the provincial leaders seem to unanimously support. More controversial are ongoing calls, particularly from Alberta Premier Danielle Smith for more pipelines through B.C. Eby is on record as opposing the idea, but the Opposition says the province would benefit. 'British Columbia is in a unique position where we could be the nation builder, we could be opening up our ports, getting our natural gas out to international markets, getting our oil out to international markets and becoming that unifying factor of all of Canada,' said B.C. Conservative Leader John Rustad. Pipelines didn't come up during the day's meetings, but Ford said he expected they would during an evening barbecue at his family's cottage. 'There's going to be a great conversation around the dinner table tonight, and everyone lets their hair down,' he told reporters. The premiers will be back at it Tuesday, along with the prime minister, plotting ways to strengthen Canada's economy to respond to the latest tariff threats from Trump.
Globe and Mail
an hour ago
- Globe and Mail
Faraday Future Partners with HabitTrade to Accelerate its Entry into the Web3 Financial Ecosystem
Faraday Future Intelligent Electric Inc. (NASDAQ: FFAI) ('Faraday Future', 'FF' or the 'Company'), a California-based global shared intelligent electric mobility ecosystem company, today announced its strategic collaboration with HabitTrade, a global multi-market brokerage and digital asset infrastructure platform. This collaboration marks Faraday Future's first step into the Web3 financial ecosystem, and is supported by RWA Group ( a digital finance advisory firm. This press release features multimedia. View the full release here: Faraday Future Partners with HabitTrade to Accelerate its Entry into the Web3 Financial Ecosystem As Faraday Future expands its vision beyond mobility into the next frontier of finance, the partnership with HabitTrade aims to unlock new possibilities in Web3 capital markets—including stablecoin-based investment, native digital asset flows, and broader participation from decentralized communities. This collaboration is also a key part of Faraday Future's ongoing commitment to technological and capital infrastructure innovation. Notably, Faraday Future plans to leverage this partnership to offer exclusive HabitTrade platform benefits to its shareholders, further enhancing shareholder value through innovative Web3 financial services. 'This partnership with HabitTrade is a key milestone in our efforts to connect Faraday Future with the Web3 financial world,' said Jerry Wang, Global President of Faraday Future. 'As we continue to redefine intelligent mobility, we are also exploring how decentralized infrastructure and digital asset participation can bring greater value to our stakeholders and communities.' 'We are honored to partner with Faraday Future in building its entry into the Web3 finance space,' said Daniel, Founder of HabitTrade. 'This collaboration is more than a cross-industry initiative — it reflects a shared belief in financial accessibility, technological innovation, and the long-term potential of decentralized capital markets. As a platform that bridges traditional and crypto finance, HabitTrade will provide the infrastructure and global liquidity support needed to help forward-looking enterprises like Faraday Future embrace the next evolution of finance.' Tony Fu, Founder of RWA Group, added: 'As a Nasdaq-listed EV company, Faraday Future is not only leading innovation in intelligent mobility but also actively shaping the path from Web2 to Web3. We're pleased to support this initiative and believe more listed companies will follow suit in embracing Web3-native tools such as tokenized assets, digital issuance, and cross-border financial connectivity.' This collaboration underscores a growing convergence between traditional industry leaders and next-generation financial platforms, as more enterprises begin to leverage Web3 capabilities to unlock new value. ABOUT FARADAY FUTURE Faraday Future is a California-based global shared intelligent electric mobility ecosystem company. Founded in 2014, the Company's mission is to disrupt the automotive industry by creating a user-centric, technology-first, and smart driving experience. Faraday Future's flagship model, the FF 91, exemplifies its vision for luxury, innovation, and performance. The FX strategy aims to introduce mass production models equipped with state-of-the-art luxury technology similar to the FF 91, targeting a broader market with middle-to-low price range offerings. FF is committed to redefining mobility through AI innovation. Join us in shaping the future of intelligent transportation. For more information, please visit ABOUT HABITTRADE HabitTrade is a global multi-market brokerage and infrastructure platform that enables stablecoin-based access to a wide range of financial products—including U.S. and Hong Kong stocks, ETFs, and crypto assets. In addition to serving individual investors, HabitTrade provides institutional services such as API connectivity and market entry solutions for IPOs, tokenization projects, and more—helping bridge the gap between traditional and Web3 capital markets. ABOUT RWA GROUP ( Based in Hong Kong Science Park, RWA Group (formerly NFT China) specializes in digital finance advisory and infrastructure services. With a team experienced in blockchain, capital markets, and asset tokenization, RWA Group supports traditional enterprises in exploring Web3 innovations such as digital issuance, compliance frameworks, and real-world asset integration. FORWARD LOOKING STATEMENTS This press release includes 'forward-looking statements' within the meaning of the safe harbor provisions of the United States Private Securities Litigation Reform Act of 1995. When used in this press release, the words 'plan to,' 'can,' 'will,' 'should,' 'future,' 'potential,' and variations of these words or similar expressions (or the negative versions of such words or expressions) are intended to identify forward-looking statements. These forward-looking statements are not guarantees of future performance, conditions or results, and involve a number of known and unknown risks, uncertainties, assumptions and other important factors, many of which are outside the Company's control, that could cause actual results or outcomes to differ materially from those discussed in the forward-looking statements. Important factors, among others, that may affect actual results or outcomes include, among others: the Company's ability to secure necessary agreements to license or produce FX vehicles in the U.S., the Middle East, or elsewhere, none of which have been secured; the Company's ability to homologate FX vehicles for sale in the U.S., the Middle East, or elsewhere; the Company's ability to secure the necessary funding to execute on its AI, EREV and Faraday X (FX) strategies, each of which will be substantial; the Company's ability to secure necessary permits at its Hanford, CA production facility; the Company's ability to secure regulatory approvals for the proposed Super One front grill; the potential impact of tariff policy; the Company's ability to continue as a going concern and improve its liquidity and financial position; the Company's ability to pay its outstanding obligations; the Company's ability to remediate its material weaknesses in internal control over financial reporting and the risks related to the restatement of previously issued consolidated financial statements; the Company's limited operating history and the significant barriers to growth it faces; the Company's history of losses and expectation of continued losses; the success of the Company's payroll expense reduction plan; the Company's ability to execute on its plans to develop and market its vehicles and the timing of these development programs; the Company's estimates of the size of the markets for its vehicles and cost to bring those vehicles to market; the rate and degree of market acceptance of the Company's vehicles; the Company's ability to cover future warranty claims; the success of other competing manufacturers; the performance and security of the Company's vehicles; current and potential litigation involving the Company; the Company's ability to receive funds from, satisfy the conditions precedent of and close on the various financings described elsewhere by the Company; the result of future financing efforts, the failure of any of which could result in the Company seeking protection under the Bankruptcy Code; the Company's indebtedness; the Company's ability to cover future warranty claims; the Company's ability to use its 'at-the-market' program; insurance coverage; general economic and market conditions impacting demand for the Company's products; potential negative impacts of a reverse stock split; potential cost, headcount and salary reduction actions may not be sufficient or may not achieve their expected results; circumstances outside of the Company's control, such as natural disasters, climate change, health epidemics and pandemics, terrorist attacks, and civil unrest; risks related to the Company's operations in China; the success of the Company's remedial measures taken in response to the Special Committee findings; the Company's dependence on its suppliers and contract manufacturer; the Company's ability to develop and protect its technologies; the Company's ability to protect against cybersecurity risks; and the ability of the Company to attract and retain employees, any adverse developments in existing legal proceedings or the initiation of new legal proceedings, and volatility of the Company's stock price. You should carefully consider the foregoing factors and the other risks and uncertainties described in the 'Risk Factors' section of the Company's Form 10-K filed with the SEC on March 31, 2025, and other documents filed by the Company from time to time with the SEC.
CTV News
2 hours ago
- CTV News
Powassan to advance Trout Creek Community Centre repairs
Powassan's Trout Creek Community Centre repairs to advance as Tacoma Engineers wins $31,000 bid to assess the building. Council is expected to get an updated in August with a final report expected in September.
