US EditionQuebec judge approves sale of vehicle-maker Lion Electric to investor group
- On May 22, 2025, a judge in Quebec's Superior Court authorized the transfer of ownership of Lion Electric to a consortium of investors based in Quebec.
- The sale followed Lion Electric entering creditor protection in December and the Quebec government refusing further public funding last month.
- The investor consortium, led by director Pierre Wilkie and Montreal entrepreneur Vincent Chiara, made a revised offer to keep the company operating.
- Justice Michel Pinsonnault stated that this deal is the only option for the struggling manufacturer to continue functioning.
- The sale will preserve the St-Jérôme plant producing electric school buses and trucks while leading to permanent layoffs of hundreds of employees.
21 Articles
21 Articles
ThePatriotLight - Quebec Judge Approves Sale of Vehicle-Maker Lion Electric to Investor Group
ThePatriotLight - A Quebec Superior Court judge has approved the sale of vehicle-maker Lion Electric to a group of Quebec investors, giving the struggling manufacturer a new lease on life.During a hearing Thursday morning, Justice Michel Pinsonnault said the deal is the only option that ensures the company can keep operating.“This is the only potential transaction that makes sense,” he said. “There are no others.”The decision comes five months a…
Quebec Judge Approves Sale of Vehicle-Maker Lion Electric to Investor Group
A Quebec Superior Court judge has approved the sale of vehicle-maker Lion Electric to a group of Quebec investors, giving the struggling manufacturer a new lease on life. During a hearing Thursday morning, Justice Michel Pinsonnault said the deal is the only option that ensures the company can keep operating. “This is the only potential transaction that makes sense,” he said. “There are no others.” The decision comes five months after Lion Elect…
Losses of 200 Million Dollars in Public Money-Lion Electric Gets Its Second Chance
After nearly 200 million public money disappears, Lion Electric will be entitled to a second chance. The electric school bus manufacturer can be taken over by a group of Quebec investors, who will try to revive it.
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