From the ashes: Lion Electric finds a lifeline in Quebec
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Lion Electric, an electric bus and truck manufacturer, has received a new subsidy for electric school buses in Quebec, improving its commercial outlook despite facing nearly $250 million in debts and layoffs. The company is under investigation for potential violations of federal securities laws. However, the reinstatement of a government incentive for electric school buses could boost sales, as Lion already has a significant presence in the market with nearly 1,200 of the 1,600 existing electric school buses in Quebec.
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