Quebec opposition parties call for investigation into struggling Lion Electric
Jan 16, 2025 | 1:46 PM
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MONTREAL — Quebec’s opposition parties are calling for answers about whether Lion Electric Co. misled investors while receiving government financial support.
The Quebec Liberals want a legislature committee to investigate allegations the electric-vehicle maker deceived investors with unrealistic forecasts and fabricated orders.
Lion Electric sought creditor protection last month with US$500 million in debt and has laid off most of its employees.
As first reported by Radio-Canada, a group that now numbers 1,300 investors has sent letters to provincial and federal legislators demanding further investigation of the company.
