The cofounder of a special purpose acquisition company defeated investor allegations that he helped release a misleading ...

Stalled government subsidies and expanding too fast contributed to closure of Joliet plant that made electric school buses.

Lion Electric’s prospects seemed far brighter when Democratic Party luminaries, including U.S. Sens. Dick Durbin and Tammy Duckworth and U.S. Reps. Lauren Underwood and Bill Foster, gathered at ...

(TNS) — Lion Electric opened its sprawling 900,000-square-foot plant near Joliet, Illinois, in 2023, touting the potential for 1,400 new jobs. The Quebec-based electric school bus maker found ...

Lion Electric is laying off 30% of its workforce, or about 300 people, in an effort to cut costs in the face of choppy demand and government incentives for electric buses.

Lion Electric opened a massive electric vehicle manufacturing plant in southwest suburban Joliet just over a year ago, touting it as a development that would bring 1,400 jobs to the city. Now, the ...

Lion Electric said it defaulted on some of its debts and was seeking bankruptcy protection under Canadian law to give the maker of electric trucks and buses time to restructure or sell its business.

Lion Electric obtained protection from its creditors as the embattled battery-electric truck and bus maker’s cash pile continued to dwindle, it said Dec. 19. Montreal-based Lion sought creditor ...

In all, 30 school districts across Maine received a total of 72 electric buses through the EPA-run program. However, Makin said, the Lion Electric buses, which now have been sent to nine of the ...