GM Jul 2024 47.000 call

OPR - OPR Delayed Price. Currency in USD

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1.1800

-0.2100

(-15.11%)

At close: 03:46PM EDT

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GM, LG agree on $150 million relief for Chevy Bolt EV owners over faulty batteries
General Motors first launched Chevrolet Bolt EVs in 2015, and used batteries made by LG entities as part of a business arrangement with the car manufacturer. GM started recalls in 2020 after it faced numerous complaints about fires in some vehicles. "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.