400 Jobs Lost! Inside the Shocking Closure of Lion Electric’s Joliet Factory

The Lion Electric plant in Joliet, Illinois, once celebrated for its promise of 10,000 electric buses per year, has halted production. Financial struggles led to 400 layoffs, adding to prior cuts. This closure highlights the challenges of the EV industry, with mounting debt and reliance on subsidies threatening growth. While local officials remain optimistic, the future of this facility is uncertain, reflecting broader questions about the sustainability of green tech investments. Stay tuned for updates on Lion Electric’s next moves.Buy me a coffee! https://www.paypal.com/paypalme/partsmanagerproLink to the featured video:https://www.youtube.com/watch?v=RDvgtbK8rnI&t=7shttps://youtu.be/4sHruq7xexo?si=a8A96rR8FR7ymjmoGrab a copy of my book:https://partsmanagerpro.gumroad.com/l/qtqax"The Parts Manager Guide" - https://www.amazon.com/Parts-Manager-Guide-Strategies-Maximize-ebook/dp/B09S23HQ1P/ref=sr_1_4?crid=3UZYOGZJUNJ9K&keywords=parts+manager+guide&qid=1644443157&sprefix=parts+manager+guid%2Caps%2C244&sr=8-4Please remember to like, share and leave your comments.Videos are uploaded weekly.Fair use is a use permitted by copyright statute that might otherwise be infringing. Non-profit, educational or personal use tips the balance in favor of fair use. No copyright infringement intended. ALL RIGHTS BELONG TO THEIR RESPECTIVE OWNERS*This video is for educational and entertainment purposes only.Become a supporter of this podcast: https://www.spreaker.com/podcast/the-motor-files-podcast--4960744/support.