Bullboard - Stock Discussion Forum Lion Electric Ord Shs T.LEV

Alternate Symbol(s): LEV | LEVWF | T.LEV.WT | LEV.WS.A | T.LEV.WT.A

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The Lion Electric Company is a manufacturer of zero-emission vehicles. The Company creates, designs and manufactures all-electric class 5 to class 8 commercial urban trucks and all-electric school buses. It is engaged in electric transportation and designs, builds and assembles many of its vehicles' components, including chassis, battery packs, truck cabins and bus bodies. Each Lion vehicle is... see more

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TSX:LEV - Post Discussion

Lion Electric Ord Shs > From POW: That's all?

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Post by Dibah420 on Nov 13, 2024 7:58am

From POW: That's all?

Third Quarter

The net loss from standalone businesses was $107 million, compared with net earnings of $2 million in 2023. The net loss in the third quarter of 2024 includes a negative contribution from Lion of $30 million, including a non-cash impairment charge of $11 million on the Corporation's investment in Lion, which reflects a decline in market value at September 30, 2024, and a negative contribution from LMPG of $93 million, primarily related to the Corporation's share of a non-cash impairment charge recognized on goodwill by LMPG. The negative contributions from Lion and LMPG were partially offset by a positive contribution from Peak of $16 million.

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