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Quebec judge approves sale of vehicle-maker Lion Electric to investor group
- On May 22, 2025, a judge from Quebec’s Superior Court authorized the transaction transferring ownership of Lion Electric, a vehicle manufacturer, 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 consortium buying Lion Electric is led by Pierre Wilkie, a company director, and Vincent Chiara, a Montreal real estate entrepreneur.
- Justice Michel Pinsonnault emphasized that this deal represents the sole viable path for the struggling manufacturer to maintain its operations and safeguard its St-Jérôme facility.
- The restructuring will keep the plant producing electric buses and trucks but will lead to hundreds of permanent layoffs at Lion Electric.
22 Articles
22 Articles
A judge of the Superior Court of Quebec approved the sale of the car manufacturer Lion Electric to a group of Quebec investors.
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…
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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