jocelync
2021-10-12
Oh dear
GM Agrees on $1.9 Billion LG Deal to Recoup Bolt EV Recall Costs
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GM had to recall all 143,000 Bolt and Bolt EUV models because of a manufacturing defect involving the battery that led to an increased fire risk.GM shares rose 1.2% in early tradin","content":"<p>General Motors Co. said it reached an agreement with partner <a href=\"https://laohu8.com/S/LGEAF\">LG Electronics Inc.</a> to recover from the Korean company $1.9 billion of the $2 billion in costs for a recall of batteries in its Chevrolet Bolt electric vehicle.</p>\n<p>The Detroit automaker said Tuesday it will recognize the recovery in its third quarter earnings. GM had to recall all 143,000 Bolt and Bolt EUV models because of a manufacturing defect involving the battery that led to an increased fire risk.</p>\n<p>GM shares rose 1.2% in early trading and had gained 40% this year through Monday’s close.</p>\n<p>“LG is a valued and respected supplier to GM, and we are pleased to reach this agreement,” Shilpan Amin, GM’s vice president of global purchasing and supply chain, said in a statement. “Our engineering and manufacturing teams continue to collaborate to accelerate production of new battery modules and we expect to begin repairing customer vehicles this month.”</p>\n<p>Earlier today, LG Corp. companies announced plans to set aside 1.1 trillion won ($918 million) to cover costs related to the recall of the Bolt and moved to reassure investors concerned about a rift between the South Korean conglomerate and GM.</p>","source":"lsy1584095487587","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; 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overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nGM Agrees on $1.9 Billion LG Deal to Recoup Bolt EV Recall Costs\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-10-12 21:07 GMT+8 <a href=https://www.bloomberg.com/news/articles/2021-10-12/gm-reaches-deal-with-lg-to-recover-1-9-billion-in-recall-costs?srnd=premium-asia><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>General Motors Co. said it reached an agreement with partner LG Electronics Inc. to recover from the Korean company $1.9 billion of the $2 billion in costs for a recall of batteries in its Chevrolet ...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2021-10-12/gm-reaches-deal-with-lg-to-recover-1-9-billion-in-recall-costs?srnd=premium-asia\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"GM":"通用汽车"},"source_url":"https://www.bloomberg.com/news/articles/2021-10-12/gm-reaches-deal-with-lg-to-recover-1-9-billion-in-recall-costs?srnd=premium-asia","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2174136116","content_text":"General Motors Co. said it reached an agreement with partner LG Electronics Inc. to recover from the Korean company $1.9 billion of the $2 billion in costs for a recall of batteries in its Chevrolet Bolt electric vehicle.\nThe Detroit automaker said Tuesday it will recognize the recovery in its third quarter earnings. 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