Mathieu Dion

(Bloomberg) -- The retail entrepreneur behind fast-fashion chain Groupe Dynamite Inc. says he decided to take the company public after exploring talks with private equity groups and determining they weren't the right fit.

The president of Canadian electric bus and truck manufacturer Lion Electric Co. resigned as the cash-poor company made a last-ditch attempt to stay afloat.

Electric Vehicle Maker Searches for Cash Medium-duty Lion trucks. (Lion Electric) [Stay on top of transportation news: Get TTNews in your inbox .]

(Bloomberg) -- The president of Canadian electric bus and truck manufacturer Lion Electric Co. resigned as the cash-poor company made a last-ditch attempt to stay afloat.

The president of Canadian electric bus and truck manufacturer Lion Electric Co. resigned as the cash-poor company made a last-ditch attempt to stay afloat.

The president of Canadian electric bus and truck manufacturer resigned as the cash-poor company made a last-ditch attempt to stay afloat.

The Canadian province of Newfoundland and Labrador reached a new electricity supply agreement in principle with Quebec, apparently ending a long-time dispute with a deal that will increase hydroelectric power in the country’s eastern region.

Quebec committed billions of dollars to carve out its place in North America’s electric vehicle supply chain, but those efforts have been thwarted by a string of bad news. The latest: electric bus and truck maker Lion Electric Co. expects to seek creditor protection.

Lion’s problems stem from delays in subsidy programs, supply chain disruptions, scaling issues, too many vehicle models being developed at the same time and slower EV adoption.

The clean-tech venture firm founded by Bill Gates is providing a $40 million grant to carbon-capture startup Deep Sky Corp., which seeks to build large-scale facilities to clean carbon from the air.