Saturday, August 21, 2021
A billion dollar cost
GM has to recall all Chevrolet Bolt
General Motors just can’t handle the burning battery issues on their Chevrolet Bolt EV. After almost 70,000 vehicles were ordered back in 2020, there are now a few thousand more. The costs are immense, the damage to the image should not be less.
The debacle over the risk of fire in electric vehicles of the Chevrolet Bolt EV type is becoming increasingly expensive for the largest US automaker General Motors (GM). The company announced that all Bolt EV models must now be recalled – including those of the latest vintages. In addition to the almost 69,000 electric cars built between 2017 and 2019 that were previously ordered for repairs, there are now around 73,000 newer models. The manufacturer put the additional costs at around one billion dollars (about 850 million euros).
The majority of the affected vehicles were sold in the United States, the remainder in Canada. The US Transportation Agency NHTSA has repeatedly warned owners not to park their cars in garages or near houses because of the risk of battery fires.
GM aims to be a leader in e-mobility
It’s extremely costly to GM – in the most recent quarter, Bolt EV recalls had cost the company $ 812 million. GM first launched a recall back in November 2020 to fix the problem. The US traffic authorities then warned again of the risk of fire. Despite repairs already being made, there have been other cases where Bolt models caught fire, according to NHTSA. The batteries come from LG in South Korea.
The US automaker is aiming for a leadership role in e-mobility. In June, the group increased its investment plan for the period up to 2025 by 30 percent to 35 billion US dollars (29.76 billion euros). The main aim is to advance the development of e-vehicles and technologies related to autonomous driving.
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