GM extends EV Chevrolet Bolt production halt to late January By Reuters

GM extends EV Chevrolet Bolt production halt to late January By Reuters


© Reuters. FILE PHOTO: General Motors assembly workers connect a battery pack underneath a partially assembled 2018 Chevrolet Bolt EV vehicle on the assembly line at Orion Assembly in Lake Orion, Michigan, U.S., March 19, 2018. REUTERS/Rebecca Cook

By David Shepardson

WASHINGTON (Reuters) -General Motors Co said Thursday it would extend a production halt at its Orion Assembly plant in Michigan, which makes the Chevrolet Bolt electric vehicle, through Jan 28.

The largest U.S. automaker in August widened its recall of the Bolt to more than 140,000 vehicles to replace battery modules and to address fire risks after a series of fires.

The suburban Detroit plant halted production in August but conducted two weeks of limited production at Orion starting Nov. 1 to help provide courtesy transportation vehicles for customers during recall repairs.

GM President Mark Reuss said in October the company was addressing the recall before resuming production of new vehicles. GM said Thursday it continued “to focus on battery module replacements.”

GM disclosed in October that its battery partner, South Korea’s LG Electronics, had agreed to reimburse it for the $2 billion in estimated costs and expenses associated with the Bolt recall.

GM and LG Energy Solution are building two joint-venture U.S. battery plants.

The National Highway Traffic Safety Administration has an ongoing investigation into the battery fires. The agency noted in August that all Chevrolet Bolt electric vehicles had been recalled due to the risk of the high-voltage battery pack catching fire.

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.

Source link