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LG will cover nearly the entire cost of GM's Chevy Bolt EV recall
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LG will cover nearly the entire cost of GM's Chevy Bolt EV recall
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13th October 2021, 08:08
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| [M] Reviewer  Join Date: May 2010 Location: Romania
Posts: 148,738
 |  LG will cover nearly the entire cost of GM's Chevy Bolt EV recall 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. https://www.engadget.com/gm-lg-chevy...3.html?src=rss |
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