Quebec Judge Approves Sale of Vehicle-Maker Lion Electric to Investor Group

Quebec Judge Approves Sale of Vehicle-Maker Lion Electric to Investor Group
Lion Electric Co.'s lithium-ion battery manufacturing facility is shown in Mirabel, Que., on Sept. 14, 2023. The Canadian Press/Christinne Muschi
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A Quebec Superior Court judge has approved the sale of vehicle-maker Lion Electric to a group of Quebec investors, giving the struggling manufacturer a new lease on life.

During a hearing Thursday morning, Justice Michel Pinsonnault said the deal is the only option that ensures the company can keep operating.