Chevy Bolt owners are entitled to settlement checks as part of a $150 million class-action settlement with General Motors and LG over faulty batteries. Owners who installed software before Dec. 31, 2023 to fix the battery issue can receive up to $1,400, while those who sold their Bolt or terminated their leases before the software remedy was available, or received a replacement battery, will get a minimum of $700. General Motors, LG Energy Solution, and LG Electronics reached an agreement with plaintiffs to resolve the class-action litigation related to the Bolt EV battery recall.
GM initiated the Bolt EV recall after numerous reports of batteries catching fire. This recall effort cost GM nearly $2 billion. Owners who received a battery replacement or installed the latest diagnostic software may be eligible for compensation under the settlement. GM stated that they take the safety of their customers seriously and are committed to resolving the issues related to the faulty batteries. Owners who suffered financial losses due to the battery issue may finally get some relief through the settlement and compensation provided by GM and LG.
The faulty batteries in the Chevy Bolt EVs led to the recall of these vehicles and raised concerns about the safety of the owners. The class-action settlement with General Motors and LG aims to provide compensation to those who were affected by the battery issue. This settlement demonstrates the manufacturers’ acknowledgement of the problem and their commitment to making things right for affected customers. Owners of Bolt EVs who experienced financial losses as a result of the battery issue will now have the opportunity to receive compensation through the settlement, potentially easing some of the financial burden caused by the faulty batteries.
The settlement with General Motors and LG signals a significant step towards resolving the issues related to the faulty batteries in the Chevy Bolt EVs. Owners who installed software before the designated deadline or had to replace their battery are eligible for compensation under the settlement. The manufacturers have agreed to provide financial relief to affected customers, recognizing the impact that the faulty batteries had on the safety and financial well-being of Bolt EV owners. This settlement is a positive development for owners who have been dealing with the consequences of the battery issue and may finally receive some compensation for their losses.
General Motors, LG Energy Solution, and LG Electronics have come to an agreement with plaintiffs to settle the class-action litigation resulting from the Bolt EV battery recall. This settlement is a step towards addressing the concerns raised by owners of Bolt EVs affected by the faulty batteries. Owners who have taken steps to address the battery issue, such as installing software or replacing the battery, may now be eligible for compensation as part of the settlement. General Motors has emphasized their commitment to the safety and satisfaction of their customers, and this settlement reflects their efforts to rectify the issues related to the faulty batteries in the Chevy Bolt EVs and provide financial relief to affected owners.
Overall, the $150 million class-action settlement with General Motors and LG over faulty batteries in the Chevy Bolt EVs is a significant development for owners affected by the battery issue. Owners who have installed software before the specified deadline or received a replacement battery will be eligible for compensation under the settlement. This settlement is a step towards addressing the financial losses experienced by owners due to the faulty batteries and demonstrates the manufacturers’ commitment to resolving the issues related to the recall. Owners of Bolt EVs may finally receive some relief through the compensation provided as part of the settlement, marking a positive outcome for those affected by the battery recall.
