Get the daily email that makes reading the news actually enjoyable. Stay informed and entertained, for free.
Your information is secure and your privacy is protected. By opting in you agree to receive emails from us. Remember that you can opt-out any time, we hate spam too!
HomeInvestingChevy Bolt owners to receive settlement checks after successful class-action suit over faulty batteries

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
No comments

Sorry, the comment form is closed at this time.

Generated by Feedzy