GM Says It Will Recover $1.9 Billion of Bolt-Recall Costs From LG
General Motors Co. said it will recover from supplier LG Electronics Inc. nearly all of the $2 billion cost of recalling Chevrolet Bolt electric models for the risk of battery fires.
GM said Tuesday that LG will reimburse the car maker because of manufacturing defects in battery modules supplied by the Korean company. GM in August expanded a previous recall to include all of the roughly 142,000 Bolts that the auto maker has produced since 2016, citing a likely manufacturing flaw that has been linked to at least 13 fires.
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