The lions was threatened with the settlement, finished the agreement with the investor consortium, which will allow its activities to continue.
The purchase must be formalized by the Quebec upper court, which should be heard on May 21.
The agreement concluded that the consortium Vincent Chiara, Vincent Chiara, Employer Claude Bonia, as well as the director and employer of President Pierre Walkie.
The interest of a group of investors was known for a few days, but Lion Electric confirmed that the news is press release on Thursday evening.
The Quebec company specializing in the construction of the truck and the electric bus was protected from its creditor last December due to cash problems.
The bus manufacturing plant located in Saint-Jérôme, the facilities to manufacture its battery and the United States of the United States shall be sold to return a part of the US dollar debt.
The lions will leave the Mirabel International building on the 175,000 square meters built on the Airoge site. (Archive photo)
Photo: Ivanoh Demers
This reduction in the company size is also reflected in the final layoffs of employees.
For its part, the Union Saint-Jérôme Factory Production Staff, International Aerospace Association (Be) Reads an agreement with investors.
Last months has been a real emotional mountain trail
recalled the international representativeBe For Canada Quebec, Éric Rancourt, financial difficulties forced companies to discard employees.
We are glad we will see that a group of investors has been able to adjust it to the recovery project. The currently established will allow you to maintain jobs at Saint-Jérôme and take care of our specialization in the field of school transport of the Quebec School Transport Electrification
added.
On the edge of the abyss
The Saint-Jérôme company was on the abyss since the Quebec government confirmed last April will not invest in electric lion
. Minister of Economic, Innovation and Energy, Christine Fréchette closed the door to new investments, Quebec has already invested $ 177 million.
However, the government has notified that he put his / her school transport electrification program (pets), the company established the company’s team.
A Pet It was created to support school carriers in terms of compliance with the requirements of Quebec. Ended on March 31. 2028. It will be in effect until the year. So far it will offer $ 240,000 grant to buy an electric school bus, which increases a maximum compared to $ 175,000.
The Government of Ladaul is aimed at electrification of 65% of the provincial school fleet until the year. There are currently more than 1,600 electric school buses, 15% of the school park in circulation.
This grant program aims to reduce greenhouse gas emissions on Quebec roads, and an average of 18 tons of buses2 every year.
With Canadian press information
2025-05-16 15:52:00
