Quebec committed, with an investor team interested in buying an electric lion, renewing its school transport electrification program (pets) according to documents accumulated in court. This guarantee can prevent the settlement of this company, while a new offering of adoption would be on the table.
This is to consult Radio-Canada.
It will be examined in the Upper Court of Quebec, and will be examined on Monday, the electric lion requires a new three-day period in order to analyze a new proposal from a group of investors.
This group of buyers would be ready to buy a lion without financial support of the government, as it has received the Legault government that would renew his school transport electrification program (pets) after all.
A Pet It was created to support school carriers in terms of compliance with the requirements of Quebec. It ended on March 31, we can read on the Government’s website of Quebec, which also indicates thatAwaiting program renewal, no application will be accepted
.
Invited to comment on this news, Claude Deraîche, a Québec-level spokesperson for transport, however Pet It was renewed within its period, but in a new version to adapt to the final change in the battery sector.
On buying two conditions
A few days ago, A Compact He complained that a Quebec consortium was ready to purchase an electric lion, that Quebec injects $ 24 million in the resurrection of this company and is committed to renewing the government Pet.
If Lion Electric has found a buyer, it would be an important situation, as the restructuring of Deloitte – was named business restructuring efforts as a supervision controller – said last Monday Probability (of) High settlement of very active (it has been
.
As a recent Quebec flag and until an important link in the battery sector, Saint-Jérôme’s bus and electric truck manufacturer requested protection against his creditors last December.
Christine Fréchette, the Minister of Economy of Christine Fréchette announced in the late April network, would be irresponsible to provide more public funds to the electric lion.
Economic problems
GROWTHROOM, rugged trucks: many problems mentioned in public lions and former lions to explain this company’s route, however in a fine transport electrification context. The company has about 1,175 vehicles in Quebec’s circulation.
The collective action also led to the administrators and against the company’s managers that the lion’s electric shareholders have deceived investors and that they are not in a certain way that the company’s financial health.
Lion rejected all employees, except 12, the Government decided not to invest in this company again after the government reported. Deloitt said the lion is still capable of paying for the rest of the workers, but he could not pay for his premises on May 1st, about $ 400,000.
Lion’s action lost 99% of its value from the IPle in 2021.
Quebec has already invested massively in electric lions and invested in the risk of $ 140 million invested in this adventure. For its part, the Canadian government is likely to fly $ 30 million in public funds.
2025-05-11 21:57:00
