“What we’re looking at is a perfect storm.”
GM recalls every Chevy Bolt ever made, blames LG for faulty batteries
Two simultaneously occurring defects will cost $1.8 billion to fix.
GM’s earnings dragged down by Chevy Bolt recall
The twice-issued recall for 2017 to 2019 Chevrolet Bolt electric vehicles cost General Motors $800 million, the company said in its second quarter earnings statement Wednesday. Costs associated with fixing defective Bolt batteries make up the lion’s share of GM’s $1.3 billion in warranty expenses last quarter. CEO Mary Barra specified on an investor call […]