Chevy Bolt Recall to Cost Record $800 Million or More
A new report says that GM is spending a record amount on its effort to recall defective Chevy Bolt vehicles.
CNNBusiness.com reports that the automaker is going to spend approximately $200 million to repair defective batteries that are installed on approximately 700,000 vehicles.
The article says that the batteries are prone to catching fire, creating a dangerous hazard for the vehicles’ occupants. There have been at least 9 documented fires relating to the defect, CNN Business reports.
GM is preparing to spend $800M to fix — or possibly replace — batteries in nearly 70K Bolts due to a fire risk. @chrisidore says that $11,650 cost per vehicle makes it one of the most expensive recalls ever: https://t.co/P7uPm9EC1x $GM
— Matt Egan (@MattEganCNN)
August 5, 2021
GM apparently has not found a solution to the issue and is reportedly considering either repairing the batteries or replacing them.
The defect is so hazardous that GM recommends that people not park the vehicles in garages or near any structures.
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