12
Oct
14:58
LG to pay GM $1.9 billion over Bolt recall
South Korean battery supplier LG Electronics will reimburse General Motors to the tune of $1.9 billion for the massive Chevrolet Bolt recall caused by defective and fire-prone batteries, Kallanish learns from a GM release.
LG will supply GM with about $1.9 billion of the $2 billion recall charge, which GM will record on its third-quarter balance sheet.
The recall of substantially all Chevy Bolts was due to two “rare” battery defects that c…
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Truly global, user-friendly coverage of the steel and related markets and industry that delivers the essential information quickly while delivering on most occasions just the right amount of between-the-lines comment and interpretation for a near real time news service of this kind.
Anonymous
Very good overview of the weekly steel market.
Anonymous