Tag: Chevrolet Bolt electric vehicles

General Motors Reports Jump in Profits on Strong Sales

October 26, 2022
Business & Marketscar salesChevrolet Bolt electric vehiclesChevrolet Bolt PlantCompanieselectric vehicle (EV)General Motors CoMarketsUS
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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…

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GM Says Production Starts on Replacement Batteries for Bolts

September 21, 2021
batteryBusiness & EconomyChevrolet Bolt electric vehiclesCompaniesGeneral MotorsInternationalrecallTechUSUS NewsWorld
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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…

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GM Expands Chevy Bolt EV Recall for Fire Risk, Will Take $1 Billion Hit

August 21, 2021
Business & EconomyChevrolet Bolt electric vehiclesCompaniesGeneral Motors
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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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