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GM battery maker to pay 1.9B for Chevy Bolt recall costs
GM reaches an agreement with LG Electronics to recover 1.9 billion dollars for Bolt recall costs after manufacturing defects in supplied battery modules. The deal helps offset earlier charges as GM and LG push Ultium battery plans with plants in Lordstown and Spring Hill. 13 Bolts have caught fire while parked, injuring three.
MENTIONED IN THIS ARTICLE
General Motors
LG Electronics Inc
LG Chem
Shilpan Amin
GM Global
Ultium LLC
Lordstown
Ohio
Spring Hill
Tennessee
U.S
Jamie L. LaBeau
Jlareau
Freepress
Flareauan