2.5 C
New York
Wednesday, February 1, 2023
HomeBusinessChevy Will Spend $1B On Expanded Recall, Report Says

Chevy Will Spend $1B On Expanded Recall, Report Says

Date:

Related stories

Organizational Silos and the Walls of DISTRUST

Organizational Silos and the Walls of DISTRUST As companies grow,...

Meta is inexplicably shutting down one of the best Oculus games

We’ve called it a cross between the Battle School...

Northrop Grumman appoints global biz development officer

Stephen O’Bryan comes from Boston Consulting Group Published January 31, 2023 by Katherine...

Ex-Goldman AM Kent Clark Executive Dies at 58

Posted on 01/31/2023Kent Clark (Kent Arthur Clark), a former...

General Motors announced it is recalling more of its Chevrolet Bolt electric vehicles in an expansion that is expected to cost the company another $1 billion, according to a report from CNBC

The company made the announcement on Friday, Aug. 20, saying it is expanding the recall to include 2017-2022 Chevrolet Bolt vehicles due to the risk that the high-voltage battery packs could catch fire.

This means the recall now covers all Bolt vehicles, including vehicles that received a repair from an earlier recall.

CNBC reported that the expansion brings the total cost that GM is expected to pay to replace the battery modules to $1.8 billion.

GM is advising Bolt vehicle owners to park their cars outside, away from structures. The company also said the cars should not be charged overnight.

Learn more about the recall here.

to sign up for Daily Voice’s free daily emails and news alerts.

Source

Latest stories