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Stellantis signs Roshel memorandum for potential factory sale, Bloomberg News reports - Finance news and analysis from Global Banking & Finance Review
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Stellantis signs Roshel memorandum for potential factory sale, Bloomberg News reports

Published by Global Banking & Finance Review

Posted on September 11, 2026

1 min read

· Last updated: September 11, 2026

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Stellantis and Roshel Sign Memorandum for Potential Toronto Factory Sale

Stellantis Signs Memorandum with Roshel for Toronto Factory

Overview of the Memorandum

Sept 11 (Reuters) - Automaker Stellantis has signed a memorandum with Canadian armored vehicle maker Roshel, outlining a potential sale of its idled car factory near Toronto, Bloomberg News reported on Friday.

Details of the Agreement

Potential Sale and Future Implications

(Reporting by Ruchika Khanna in Bengaluru; Editing by Tasim Zahid)

Key Takeaways

  • Stellantis signed a memorandum with Roshel for a possible sale of its Brampton plant, which has been idle since December 2023 when Jeep Compass production was relocated to Illinois (toronto.citynews.ca)
  • Roshel, needing a large manufacturing footprint for its armored vehicles and LUV supply bids, has eyed the nearly 3 million sq ft facility as it seeks expansion (toronto.citynews.ca)
  • Other parties, including Chinese EV partner Leapmotor and BYD, have also inquired about the facility, though Stellantis maintains its focus on finding a sustainable manufacturing solution for the plant (connectcre.ca)

References

Frequently Asked Questions

What agreement have Stellantis and Roshel signed?
Stellantis and Roshel have signed a memorandum outlining a potential sale of Stellantis's idled car factory near Toronto.
Where is the Stellantis factory mentioned in the memorandum?
The Stellantis factory referenced in the memorandum is located near Toronto, Canada.
Who reported the news about Stellantis and Roshel's memorandum?
Bloomberg News reported the memorandum between Stellantis and Roshel.
What is Roshel known for?
Roshel is a Canadian company known for manufacturing armored vehicles.

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