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Top Biden EV Bus Maker Nears Bankruptcy, Leaving School Districts and Tens of Millions of Taxpayer Dollars in Limbo

by Washington Free Beacon
February 9, 2025
in Aggregated, News
Top Biden EV Bus Maker Nears Bankruptcy, Leaving School Districts and Tens of Millions of Taxpayer Dollars in Limbo

The Biden administration awarded Canadian electric bus company Lion Electric nearly $160 million to manufacture hundreds of battery-powered buses for school districts nationwide as part of its sweeping climate agenda. In recent weeks, Lion has initiated bankruptcy proceedings, laid off all employees tasked with building its buses, and paused manufacturing operations.

Lion’s financial demise leaves dozens of school districts—including those in California, Montana, North Dakota, Iowa, Alabama, and Maryland—questioning whether they will receive the buses the Biden administration promised them. Lion has yet to deliver $95 million worth of electric buses to 55 districts across the country, according to federal data reviewed by the Washington Free Beacon.

“At this time we are working through the proper channels and keeping our attorneys abreast of the situation,” Dawn Wallace, the superintendent of Ohio Valley School District in Adams County, Ohio, which ordered buses from Lion, told the Free Beacon. “No buses have been delivered to our district. We are on hold.”

“The district has been in contact with both Lion Electric and the EPA to gather details on the situation and explore available options moving forward,” added Jason Stabler, the superintendent of Bureau Valley School District in Manlius, Illinois, another district promised buses.

The situation puts a renewed spotlight on the Biden administration’s behemoth climate programs, raising questions about whether the recipients of billions of dollars in green spending were properly vetted—or whether federal officials looked the other way when doling out funds to Lion, which had financially struggled for years. […]

— Read More: freebeacon.com






At Last, a Company With Integrity in the Gold IRA Industry

For several years, I’ve been vetting out precious metals companies in search of the best. I believe in gold and silver but it’s hard to find integrity in the Gold IRA industry. The vast majority operate with shady tactics and gigantic spreads that take advantage of Americans who simply want to protect their life’s savings.

I’ve found a handful that I like and I’ve worked with some of them. By no means would I “unrecommend” them because, again, I vetted them out and found them to be above the fold. Unfortunately, it isn’t hard to be better than the rest when the rest are so darn awful.

After years of searching, I finally found a company that truly operates with integrity. Augusta Precious Metals has three important attributes that set them far above the competition:

  • Non-Commissioned Sales Team: I cannot stress how important and unique this is. With just about every other company in the Gold IRA industry, the sales teams make commission from every account they open. This means they steer their clients toward the gold and silver products with the highest commission. With Augusta Precious Metals, the team is solely focused on putting the best gold and silver for their clients into their IRA. They get paid to serve the best interests of the Gold IRA client, NOT their own commission pay.
  • Incredibly Low Fees: Most Americans would be shocked if they knew the spread other Gold IRA companies charge. Augusta charges just 5% versus up to 45% elsewhere.
  • No Pressure, No Gimmicks: There’s an understanding among most in the Gold IRA industry that fear and pressure is the way to go. Augusta Precious Metals takes a sober approach when working with clients because they hold integrity in the highest possible regard. This is why they don’t offer gimmicks like “free” or “bonus” silver. It’s also why they do not apply pressure tactics to get quick sales. Their educational and transparent approach to doing business is exceedingly rare in the Gold IRA industry.

Reach out to Augusta Precious Metals to learn more about protecting your wealth and retirement with physical precious metals.

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