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Bullboard - Stock Discussion Forum Exro Technologies Inc T.EXRO

Alternate Symbol(s):  EXROF | T.EXRO.WT | T.EXRO.WT.A

Exro Technologies Inc. is a clean technology company. The Company is engaged in developing power control electronics that expand the capabilities of electric motors and batteries. Its technologies include e-mobility (Coil Driver) and stationary energy storage (Cell Driver). The Coil Drive technology is an adaptive traction inverter that replaces the standard 3-phase inverter in electric... see more

TSX:EXRO - Post Discussion

Exro Technologies Inc > EV Maker LION Cuts 400 Jobs
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Post by newcoin on Dec 02, 2024 10:24am

EV Maker LION Cuts 400 Jobs

Lion cuts 400 jobs: Electric vehicle maker Lion Electric has secured a cash lifeline from its lenders to extend a key debt deadline by another two weeks. The debt-laden vehicle maker has announced an at least temporary layoff of 400 workers this morning. That will bring its total staffing level down to 300 people, and the company’s facility in Joliet, Illinois will be idled. The company’s shares have steadily declined after peaking in 2021 at more than $25 on the TSX. On Friday they closed at 25 cents.
Comment by sorrenson on Dec 02, 2024 11:34am
Maybe Lion should  buy SEAs 10000 bus contract hahahahahahaha
Comment by jboom70 on Dec 02, 2024 1:30pm
Wow, they are dropping like flies!
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