LG Pays $1.9B to GM Over Bolt EV Battery Fire Recall Costs
October 12, 2021
General Motors has reached an agreement under which LG Electronics will reimburse GM for costs and expenses associated with the recall of Chevrolet Bolt EVs and EUVs due to manufacturing defects in battery modules supplied by LG.
As a result of the agreement, GM will recognize an estimated
recovery in its third-quarter earnings that will offset $1.9
billion of $2.0 billion in charges associated with the