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Content tagged with: Lion Electric

Lion Electric lays off 150 workers as restructuring continues

Tyler Choi Transportation Lion Electric Quebec Jan. 3 2025

The Lion Electric Company (LEV-T) has laid off approximately 150 more employees in Canada and the U.S. as it undergoes a sale and investment process as part of its restructuring. The cuts leave Lion with approximately 160 staff members.

Lion Electric defaults on debts, to seek creditor protection

Tyler Choi Transportation Lion Electric Greater Montreal Dec. 17 2024

The Lion Electric Company (LEV-T) announced this morning it expects to seek creditor protection after its credit and loan facilities expired, leading the electric vehicle manufacturer to discuss restructuring and a formal sales and investment process.

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