General Motors (GM) & LG to Create $150M Fund for Bolt Owners

General Motors Company (GM) and LG Energy Solution have agreed to establish a $150 million relief fund for Chevrolet Bolt EV owners affected by faulty batteries.GM used LG-manufactured batteries in its Chevrolet Bolt EVs. Following a few fire complaints in some vehicles, the automaker recalled around 141,000 vehicles between late 2020 and 2021.The settlement, which awaits judge approval, creates a fund to compensate Bolt EV owners. Per documents filed with Michigan Eastern District Court, the owners of the ...