General Motors has registered a strong third-quarter 2022 performance, hitting record revenue and double-digit growth in earnings before interest and taxes-adjusted margins. Net income for the quarter ended September 2022 was $3.3 billion, up by $885 million from $2.42 billion in September 2021, financial data from the company show. Revenues were at $41.89 billion, up…
GM Says Production Starts on Replacement Batteries for Bolts
General Motors said Monday that production has resumed for battery modules used in recalled Chevrolet Bolt electric vehicles, and customers could start getting replacement parts by mid-October. GM said supplier LG has restarted production at plants in Holland and Hazel Park, Michigan, and is adding capacity to make more battery cells. The recall follows reports…
GM Expands Chevy Bolt EV Recall for Fire Risk, Will Take $1 Billion Hit
WASHINGTON—General Motors Co said on Friday it would take a hit of $1 billion to expand the recall of its Chevrolet Bolt electric vehicles due to the risk of fires from the high-voltage battery pack, a blow for the largest U.S. automaker as it seeks to ramp up EV sales. The Detroit company also said…
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