The Investment Whisperer
  • Business
  • Politics
  • Investing
  • World
  • Business
  • Politics
  • Investing
  • World

The Investment Whisperer

Business

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

by admin May 21, 2024
May 21, 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
Brazil’s floods smashed through barriers designed to keep them out, trapping water in for weeks — and exposing social woes
next post
Bruce Nordstrom, who helped grow family-led department store chain, dies at 90

Related Posts

Boeing sweetens offer to union as strike enters...

September 25, 2024

The housing crunch is still squeezing buyers —...

July 31, 2024

Caitlin Clark’s pro salary exposes an undeniable economic...

April 23, 2024

Warren Buffett — worried about impersonators — says...

October 24, 2024

Biden administration to require advanced safety tech on...

May 1, 2024

Fed Chair Jerome Powell says inflation has been...

May 16, 2024

Volkswagen workers in Tennessee vote to join UAW...

April 21, 2024

Bank of England holds rates, stresses June cut...

May 11, 2024

Disney touts $40 billion economic impact in Florida...

November 17, 2023

65-year-old quit his job and emptied his life...

July 18, 2024

    Stay updated with the latest news, exclusive offers, and special promotions. Sign up now and be the first to know! As a member, you'll receive curated content, insider tips, and invitations to exclusive events. Don't miss out on being part of something special.


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

    Categories

    • Business (1,402)
    • Investing (3,381)
    • Politics (4,562)
    • World (4,498)
    • About us
    • Contact us
    • Privacy Policy
    • Terms & Conditions

    Disclaimer: TheInvestmentWhisperer.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 © 2024 TheInvestmentWhisperer.com | All Rights Reserved