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Lion Electric announces 300 more layoffs, driving stock into the tank

Lion Electric announces 300 more layoffs, driving stock into the tank

MONTREAL — Lion Electric Co. says it is laying off hundreds more workers as part of a plan to staunch its financial losses. The announcement sent the electric bus company's shares into a tailspin, leaving them a penny stock by day's end.
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Quebec raises doubts about electrification as it refuses to reinvest in Lion Electric

Quebec raises doubts about electrification as it refuses to reinvest in Lion Electric

MONTREAL — The Quebec government says it is rethinking the pace of its plan to electrify the transportation sector and will not pump any more public money into vehicle maker Lion Electric.
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Quebec EV company Lion Electric made big promises, but struggled to deliver

Quebec EV company Lion Electric made big promises, but struggled to deliver

MONTREAL — A Quebec company once hailed as a success story in the electric-vehicle transition has struggled to deliver on many of its most ambitious plans. Lion Electric Co.
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Quebec EV company Lion Electric made big promises, but struggled to deliver

Quebec EV company Lion Electric made big promises, but struggled to deliver

MONTREAL — A Quebec company once hailed as a success story in the electric-vehicle transition has struggled to deliver on many of its most ambitious plans. Lion Electric Co.
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Lion Electric lays off 100 more workers after $100 million earnings loss

Lion Electric lays off 100 more workers after $100 million earnings loss

SAINT-JÉRÔME, Que. — The Lion Electric Co. says it is laying off 100 more employees or about seven per cent of its total workforce in a move to reduce costs.
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Lion Electric lays off 100 more workers after $100 million earnings loss

Lion Electric lays off 100 more workers after $100 million earnings loss

SAINT-JÉRÔME, Que. — The Lion Electric Co. says it is laying off 100 more employees or about seven per cent of its total workforce in a move to reduce costs.
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Lion Electric defaults on debt, plans to seek creditor protection under CCAA

Lion Electric defaults on debt, plans to seek creditor protection under CCAA

MONTREAL — Seized with a liquidity crisis, the Lion Electric Co. said Tuesday it expects to seek protection from creditors under the Companies' Creditors Arrangement Act.
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Quebec raises doubts about electrification as it refuses to reinvest in Lion Electric

Quebec raises doubts about electrification as it refuses to reinvest in Lion Electric

MONTREAL — The Quebec government says it is rethinking the pace of its plan to electrify the transportation sector and will not pump any more public money into vehicle maker Lion Electric.
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Lion Electric applies to Quebec court for protection from creditors under CCAA

Lion Electric applies to Quebec court for protection from creditors under CCAA

MONTREAL — The Lion Electric Co. has applied to the Superior Court of Quebec for protection from creditors under the Companies' Creditors Arrangement Act.
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Lion Electric plans to focus on buses rather than trucks in bid to attract buyer

Lion Electric plans to focus on buses rather than trucks in bid to attract buyer

MONTREAL — Quebec electric-vehicle maker Lion Electric Co. wants to pause building trucks and focus instead on school buses as part of a restructuring plan that would return all manufacturing operations to the province.
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