The embattled electric-vehicle company reportedly told former employees in a question-and-answer session that the price, which was far below the Quebec company’s peak valuation of nearly $4.7 billion, was considered a liquidation that valued the inventory only for parts. (La Presse)

Talking point: The low takeover price leaves little left for creditors like the Caisse de dépôt placement du Québec, the province’s public pension fund manager, which invested $15 million in Lion between 2022 and 2024. While most details of the takeover offer were sealed by the court, experts told La Presse that the low purchase price made sense, since potential bus and truck buyers might be skeptical over whether Lion will provide the same service levels after its bankruptcy protection case and change in ownership. Lion spokesperson Loïc Philibert declined to comment on the report.