Lion Electric will very likely be liquidated following the Quebec government’s refusal to invest more public funds in the company, says the court-appointed monitor for the electric-vehicle maker.
Jean-François Nadon, a restructuring specialist with Deloitte, said in a Superior Court hearing on Monday that government aid would have been a condition of any sale of the struggling company.
With that possibility off the table, he said, it’s unlikely any buyer will step forward with a plan to relaunch the St-Jérôme, Que.-based manufacturer, which sought protection from its creditors in December.
“The likelihood of a liquidation of assets is very high,” he said.
Nadon said the government’s recent announcement that it would not inject any more…
