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

FDIC Chair Martin Gruenberg to resign after damning...

May 21, 2024

Bitcoin is just another tech stock, not a...

March 25, 2025

Walmart and Target face similar problems — but...

August 19, 2023

How digitally native companies like Rothy’s are growing...

February 26, 2025

Trump-Bezos call sets stage for tense earnings report...

May 1, 2025

McDonald’s announces plan to hire 375,000 employees this...

May 14, 2025

At a growing list of airports, TSA PreCheck...

February 28, 2024

Doritos severs ties with transgender influencer in Spain...

March 8, 2024

Popeyes is adding wings to its menu permanently

November 24, 2023

How Calvin Klein and Tommy Hilfiger got caught...

February 7, 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

    • Joe Rabil’s Undercut & Rally Pattern: From DROP to POP

    • RRG Alert Tech Vaults to ‘Leading’—Is XLK Signaling a New Rally?

    • Coelacanth Energy

    • Jeffrey Christian: Gold, Silver, PGMs — Short-term Prices and Key Drivers

    • Ericsson, Rogers Launch Canada’s First Underground 5G Network for Smart Mining

    • Crypto Market Recap: Bitcoin Price Stalls as Fed Holds Rates Steady, Circle Shares Jump

    Categories

    • Business (1,259)
    • Investing (2,583)
    • Politics (3,699)
    • Stocks (1,669)
    • 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