Group of investors submits revised offer to buy Quebec-based Lion Electric - BNN Bloomberg
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Article Excerpt
A group of investors has submitted a revised offer to buy Quebec vehicle-maker Lion Electric, providing a possible lifeline to the beleaguered company.
The new offer comes after the Quebec government refused to inject more public money into the St-Jérome, Que.-based electric-vehicle manufacturer, causing an earlier transaction to fall through.
According to court documents, the buyers have reached an agreement with the Quebec government to renew a recently expired subsidy program for electric school buses. On Friday, they made their new offer to buy the company, which sought protection from i…
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