"As a result of this downsizing, Lion will have approximately 300 employees who will focus on bus manufacturing, sales and delivery operations, and continue to help customers maintain the vehicles that are on the road," the company wrote in a statement Sunday.
"Lion Electric is currently examining different solutions including selling the company or some of its assets and a request for protection from its creditors under the Companies' Creditors Arrangement Act."
"The vast majority of the 1,300 electric school buses currently on the roads in Quebec were built by Lion Electric. The prospect of Lion's eventual closure has transport operators worried."
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