Money Control Place
  • Politics
  • Business
  • Stocks
  • Investing
  • Politics
  • Business
  • Stocks
  • Investing

Money Control Place

Business

Chevy Bolt owners to receive settlement checks after successful class-action suit over faulty batteries

by May 20, 2024
May 20, 2024
Chevy Bolt owners to receive settlement checks after successful class-action suit over faulty batteries

Chevy Bolt owners are eligible for settlement checks as part of a $150 million class-action settlement with General Motors and South Korean industrial group LG over faulty batteries.

According to documents filed in a Michigan court Thursday, Bolt EV owners who installed software before Dec. 31, 2023 that had been designed to fix the battery issue will be eligible to receive a check for up to $1,400. Customers who sold their Bolt or terminated their leases before the software remedy was released — or ones who received a replacement battery — will receive a $700 check at minimum.

“GM, LG Energy Solution and LG Electronics have agreed to a settlement with plaintiffs to resolve class action litigation related to the Bolt EV battery recall,” GM said in an emailed statement to Reuters.

“As a result, Bolt owners who received a battery replacement or who have installed the latest advanced diagnostic software may qualify for compensation,” the company said.

GM began recalling Bolt EVs after receiving multiple complaints about the LG-branded batteries catching fire.

The recall effort ultimately cost GM nearly $2 billion.

This post appeared first on NBC NEWS
0
FacebookTwitterGoogle +Pinterest
previous post
A$14 Million Capital Raise for Continued Ongoing Development of HMW Phase 1
next post
Bruce Nordstrom, who helped grow family-led department store chain, dies at 90

Related Posts

Rural town braces for Tyson plant closure as...

August 28, 2023

Several Buy Buy Baby and Harmon stores to...

August 19, 2023

Sony and Apollo send letter expressing interest in...

May 4, 2024

Judge allows lawsuit over Burger King’s Whopper ads...

May 8, 2025

ESPN, Fox to bundle upcoming streaming services for...

August 12, 2025

Lordstown Motors files for bankruptcy, sues Foxconn

June 29, 2023

October inflation report expected to show slower price...

November 14, 2023

Returning a holiday gift? It could end up...

January 8, 2024

The collapse of a fintech firm with 10...

May 23, 2024

Ontario cancels internet deal with Musk’s Starlink as...

August 4, 2025

    Get free access to all of the retirement secrets and income strategies from our experts! or Join The Exclusive Subscription Today And Get the Premium Articles Acess for Free


    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Latest

    • S&P 500 Breaking Out Again: What This Means for Your Portfolio

    • Lithium Market Update: Q3 2025 in Review

    • Despatch of SPP Offer Documents

    • Crypto Market Update: FalconX to Buy 21Shares, Senate Democrats Call Out Trump Envoy

    • Apollo Silver

    • Blackrock Silver Commences Phase 2 Hydrology Program, Geotechnical Evaluation and Seismic Survey on the Tonopah West Project

    Categories

    • Business (1,401)
    • Investing (3,062)
    • Politics (3,699)
    • Stocks (1,828)
    • Uncategorized (20)
    • About us
    • Contact us
    • Privacy Policy
    • Terms & Conditions

    Disclaimer: MoneyControlPlace.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    Copyright © 2025 moneycontrolplace.com | All Rights Reserved