Economic Rules Hub
  • World
  • Politics
  • Business
  • Investing
Home Business Chevy Bolt owners to receive settlement checks after successful class-action suit over faulty batteries
Business

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

by admin May 20, 2024
May 20, 2024

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
FacebookTwitterPinterestEmail
previous post
The lunch rush is dead as Americans live for the weekend
next post
Analyst Deems Brightstar Resources an Active Agitator Amid “Waiting Game” in WA Gold Fields

Related Posts

Procter & Gamble to cut 7,000 jobs as part of...

June 7, 2025

Shein and Temu see U.S. demand plunge as loophole for...

June 6, 2025

This California startup is cleaning water and removing CO₂ from...

June 6, 2025

Nationwide coordinated retail crime crackdown results in hundreds of arrests,...

June 5, 2025

McDonald’s Snack Wrap is officially making a permanent return

June 5, 2025

OpenAI tops 3 million paying business users, launches new features...

June 5, 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.

    Recent

    • Israel confirms it is arming Hamas rivals in operation opposition calls ‘complete madness’

      June 7, 2025
    • How the US could be vulnerable to the same kind of drone swarm attack Ukraine unleashed on Russia’s bomber fleet

      June 7, 2025
    • Video of man carrying suspicious bundle after his employee’s death fuels femicide outrage in Mexico

      June 7, 2025
    • Carney invites Modi to G7 summit despite strained ties between Canada and India

      June 7, 2025
    • Kharkiv hit by ‘most powerful attack’ of entire war, mayor says, as Russia pounds Ukraine again

      June 7, 2025

    Categories

    • Business (1,394)
    • Investing (3,407)
    • Politics (4,556)
    • World (4,465)
    • Email Whitelisting
    • Terms and Conditions
    • Privacy Policy
    • Contacts
    • About us

    Disclaimer: EconomicRulesHub.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 EconomicRulesHub.com | All Rights Reserved

    Economic Rules Hub
    • World
    • Politics
    • Business
    • Investing