LG will cover nearly the entire cost of GM's Chevy Bolt EV recall

@ 2021/10/13
GM may be replacing tens of thousands of Bolt EV batteries, but it won't have to pick up the tab for most of them. The automaker has reached a deal that will have LG pay nearly all the costs associated with recalling the Chevy Bolt EV and EUV, with GM estimating that LG will "offset" $1.9 billion of the $2 billion in expenses. GM will recognize that financial recovery in its third-quarter earnings.

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