The Saint-Jérôme, Que.-based electric bus maker’s recovery plan would not justify injecting more government funding, the province’s economy minister, Christine Fréchette, said in a post on social media platform X. (The Logic)

Talking point: The decision to withhold funding leaves one of Canada’s few homegrown automakers in a precarious spot as it seeks a buyer to help it stave off bankruptcy. The company is currently in the final stages of negotiating with new potential buyers as part of its court-ordered insolvency process. It was originally expected to close a deal by April 23, but has requested extensions from the courts as it tries to find the best buyer. The Quebec government has already lost about $177 million on its investments in the company. Lion may operate at a smaller scale or be broken into parts without government funding, La Presse reported.