Such is the case with our rather large fleet of electric Lion brand buses. They are manufactured in Quebec, Canada. LION was given $160 Million by our government during the last administration .
The most recent post about the bankruptcy is copied from the Financial Post shown here:
Financial Post February 14, 2025
A new report to the Quebec Superior Court says letters of intent were received earlier this month, but does not say how many.
The report says 169 potential investors were approached as part of creditor protection proceedings, as well as 15 parties who might be interested in liquidating the company’s assets.
Seven of those 15 have visited Lion Electric’s manufacturing sites in Canada and the United States, where the company built electric school buses and trucks.
Lion Electric obtained protection from its creditors in December and is seeking a buyer with a restructuring plan that would focus only on school buses and return all manufacturing to Quebec.
A Quebec Superior Court judge this morning agreed to extend the company’s creditor protection to April 4, while those bidding on the company must make their offers by March 7.
Meanwhile, help from a technician or, if needed, replacement parts cannot be obtained from the school in the following article.
It remains to be seen what this means for our community but I will be keeping a watchful eye.
UPDATE__MARCH 7, 2025
Financial Post March 7, 2025
Companies interested in buying or liquidating Quebec electric vehicle maker Lion Electric Co. have been given an extension to make offers.
Bids were due March 7, but the company’s court-appointed monitor has announced that deadline has been pushed to March 14 at 5 p.m.
Lion Electric built school buses and trucks at plants in Quebec and Illinois and has about 2,200 vehicles on the road, but went through several rounds of layoffs last year and has halted producti
The company, based in St-Jerome, Que., obtained protection from its creditors in December and is seeking a buyer with a restructuring plan that would focus only on school buses and return all manufacturing to Quebec.
A report to the Quebec Superior Court last month said potential buyers and liquidators were interested in the company, but did not say how many.
Pam Jarrett, Grove's Grandma With Grit
