Sport Investors League
  • Politics
  • Stocks
  • Investing
  • Business

Sport Investors League

  • Politics
  • Stocks
  • Investing
  • Business
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 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

0
FacebookTwitterGoogle +Pinterest
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

Comcast and Harris Blitzer to build NBA, NHL...

January 14, 2025

American liquor exports hit record high in 2024,...

April 28, 2025

How birria took over restaurant menus across the...

September 27, 2024

Citadel’s Ken Griffin buys a stegosaurus for $45...

July 19, 2024

CFPB sues America’s largest banks for ‘allowing fraud...

December 21, 2024

Fed Chair Powell says holding rates high for...

July 11, 2024

How digitally native companies like Rothy’s are growing...

February 26, 2025

Ad revenue should stabilize for media companies in...

December 31, 2024

Paramount mandates 5-day-a-week return to office ahead of...

September 5, 2025

Elon Musk and Sam Altman spar over Trump’s...

January 25, 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

    • Trump courts Japan’s emperor and new PM before high-stakes Xi summit this week

      October 28, 2025
    • Virginia, New Jersey governor races could shift government shutdown calculus

      October 28, 2025
    • Newsom and Harris both position themselves as potential 2028 White House contenders

      October 28, 2025
    • Federal workers brace for missed paycheck as shutdown enters 5th week

      October 28, 2025
    • Hamas says it will hand over another hostage body, as Trump’s 48-hour warning looms

      October 28, 2025

    Categories

    • Business (1,125)
    • Investing (3,352)
    • Politics (4,089)
    • Stocks (1,155)
    • About us
    • Contact us
    • Privacy Policy
    • Terms & Conditions

    Disclaimer: sportinvestorsleague.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 © 2025 sportinvestorsleague.com | All Rights Reserved