Quebec Government Won't Rescue Bankrupt Bus Maker Lion Electric
Canadian electric bus and truck maker Lion Electric Co. is unlikely to survive as the Quebec government turned down an opportunity to put money into the firm along with local investors.
'We believed in Lion's potential, but the recovery plan submitted did not justify the re-injection of significant government sums,' provincial Economy Minister Christine Frechette said in a post on X. 'Unfortunately, it's clear that providing Lion with additional funding would not be a responsible decision.'
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