GM Seeks $1 Billion Compensation From LG Chem For Chevy Bolt Recall
General Motors Company (NYSE:GM) wants LG Chem Ltd (KRX:051910) to reimburse $1 billion in estimated losses for the costly battery defects in the Chevy Bolt. The car manufacturer had announced on Friday a third recall of the popular electric model. Q2 2021 hedge fund letters, conferences and more Costly RecallThe announcement comes just days after GM had issued a third Bolt recall accounting for 73,000 vehicles, for a total of 142,000 including the previous called-in vehicles. The whole operation represents “every single one that Chevy has sold so far,” as informed by NBC News. TechCrunch repo...