Mr. Généreux, I invite you to be visionary. I know you're a man of vision, because I know you. After a hundred years, we're witnessing a technological change. Vehicles have been made the same way for 100 years, and now we have to project ourselves into the next 100 years, so it's normal to have to adapt in the short term to consumer habits, new technologies and supply chains.
When Henry Ford launched his first model car, it wasn't smooth sailing. You're a numbers guy, so you'll be interested to know that Tesla has become profitable after 17 years of operation. I would note that this company had received subsidies from the U.S. government. It wasn't smooth sailing either.
Mr. Généreux, you should be proud of what we've managed to do together. We brought Quebec into the auto industry. We've positioned Quebec as a player in this industry. When I go to Tokyo or Seoul, people talk to me about Quebec. It's a great achievement.
Some players can, of course, experience temporary slowdowns. However, you forgot to mention the joint venture between General Motors and POSCO Future M, whose work on the production plant is progressing very well. You forgot EcoProBM, whose shipyard in Bécancour is doing very well. You forgot Volta, whose project in Granby, a place you know well, represents an investment of $1 billion. You forget to see investments like those made by Honda, which amount to $15 billion in Canada. It's true that there has been some slowdown for some industry players, but there has also been a lot of progress.
I want to emphasize that we've been able to seize generational opportunities, and we've done so by being very disciplined when it comes to finances. As I've said many times, we haven't disbursed any federal money to the Northvolt project.
You should be proud to have a government that's there to protect your interests, while ensuring that Quebec will be part of the future of the transportation electrification ecosystem.