Product recall market staring down the barrel of $150mn Chevy Bolt loss
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Product recall market staring down the barrel of $150mn Chevy Bolt loss

Luke Harrison
September 10, 2021
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West Harrison - Circa August 2021: Chevrolet Bolt EV electric vehicle display. Chevy is a division of GM and offers the Bolt EV with 200 horsepower an
2GCXNTR West Harrison - Circa August 2021: Chevrolet Bolt EV electric vehicle display. Chevy is a division of GM and offers the Bolt EV with 200 horsepower an | Photo: Alamy

The product-recall market faces a major loss stemming from the recent mass recall of the Chevrolet Bolt electric vehicles, with scope for $150mn of claims across two impacted policies, this publication understands.

Sources said the losses will come across two policies taken out by suppliers to General Motors company Chevrolet – one purchased by LG Chem and another purchased by sister company LG Electronics.

It

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