Embraer jets got rebranded as A220s not that long ago, great planes that took over the market that served by short 737s and A319/18s. No competition for the bigger planes, that is true.
Them selling out to Airbus had more to do with general issues at the parent conglomerate (they also exited trains and snowmobiles to raise cash). But they still make corporate jets.
Ha, I always mix up Bombardier, Embraer, Boeing and Airbus when it comes to whom bought whom. And yes, Bombardier always made great aircraft. Embraer as well, by the way.