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GM Agrees on $1.9 Billion LG Deal to Recoup Bolt EV Recall Costs
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.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.GM shares rose 1.2% in early tradin
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