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Canada (Quebec): Provincial government provides a loan to the GM-POSCO joint venture

Description

On 29 May 2023, the government of the province of Quebec announced the provision of a CAD 151.87 million (USD 112.38 million) loan to Ultium CAM, the General Motors (GM)-POSCO Future M joint venture p...

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Intervention Details

Intervention Type

State loan

MAST Chapter

L: Subsidies (excl. export subsidies)

Implementation date

29 May 2023

Revocation date

No revocation date

Implementation level

NFI

Affected flow

Inward

Announced as temporary

No

Eligible firms

firm-specific

Affected Trading Partners

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Affected Sectors

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Affected Products

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