General Motors said on Friday it would take a hit of $1 billion to expand the recall of its Chevrolet Bolt electric vehicles due to the risk of fires from the high-voltage battery pack - a blow for the largest US automaker as it seeks to ramp up EV sales. The Detroit company also said it would indefinitely halt sales of the electric vehicles due to the issue and will seek reimbursement from battery supplier LG. The latest recall covers 73,000 vehicles from model years 2019 through 2022. “The reserves and ratio of cost to the recall will be decided depending on the result of the joint investigation looking into the root cause, currently being held by GM, LG Electronics and LG Energy Solution,” LG said in a statement, referring to its subsidiaries. LG added that it is actively working with its client and partners to ensure that the recall measures are carried out smoothly.
Published in The Express Tribune, August 22nd, 2021.
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