The 2022 Chevrolet Bolt fully-electric compact hatchback is $5,500 cheaper than the previous year’s model. This redesigned Bolt has a more mature appearance, leaving the “toy car looks” behind. The EV has a bigger cousin, the Bolt EUV, in the compact utility vehicle segment. The narrow LED signature lights go quite nicely with the wide-eyed…
Payments Company Bolt Scraps $1.5 Billion Deal to Buy Crypto Firm Wyre
U.S. online checkout company Bolt Financial Inc. said on Friday it scrapped its $1.5 billion deal to buy cryptocurrency infrastructure provider Wyre Payments Inc., amid plunging valuations in crypto and fintech businesses. San Francisco-based Bolt was last valued at $11 billion after a funding round in January. However, high-flying tech valuations have come under pressure…
GM to Extend Production Halt for Chevrolet Bolt EV Through February
December 20, 2021
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WASHINGTON—General Motors Co. said Monday it is extending a production halt at its Orion Assembly plant in Michigan, which makes the Chevrolet Bolt electric vehicle, through the end of February. The largest U.S. automaker in August widened its recall of the Bolt to more than 140,000 vehicles to replace battery modules after a series of…
Bolt Allows Drivers to Name Their Price
Minicab hailing app firm Bolt has announced it will allow drivers to set their own prices. The company said it is introducing the measure in an attempt to tackle driver shortages which have led to longer wait times and increased cancellations across the sector in the UK. Drivers often accept journey requests but then reject…
LG Chem Third Quarter Results Miss Estimates, Hit by GM Bolt Recall Cost
October 25, 2021
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SEOUL—South Korea’s LG Chem Ltd posted a 20 percent fall in quarterly profit on Monday, hurt by a one-off expense associated with the recall of General Motors’ Bolt electric vehicles. It reported an operating profit of 727 billion won ($617.55 million) for the July-September period, versus 904 billion won a year earlier and an average…
GM Extending Bolt Production Halt for Two Additional Weeks
October 13, 2021
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WASHINGTON—General Motors said Wednesday it will extend a production halt of its electric vehicle Chevrolet Bolt for two additional weeks as it works to accelerate production of new battery modules and prioritize recall repairs. The largest U.S. automaker in August widened its recall of the Bolt to more than 140,000 vehicles to replace battery modules…
GM Extends EV Bolt Production Halt to Mid-October
WASHINGTON—General Motors Co. said on Thursday it will extend a shutdown of a Michigan assembly plant to mid-October following a new recall of its Chevrolet Bolt electric vehicles over battery issues after 12 reported fires. The largest U.S. automaker said the extension of the production halt at its Orion Assembly plant will go through at…
GM Digs in With LG Corp. to Speed a Fix for Bolt Battery Fires
September 13, 2021
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General Motors Co. is taking a more direct role with South Korea’s LG Corp., its longtime electric vehicle partner, in tracking down and fixing problems linked to battery fires in Chevrolet Bolts that threaten the strategic plans of both companies. At an investor conference on Friday, GM Chief Financial Officer Paul Jacobson said LG is…
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