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.
GM also said it will cut an additional three weeks of production of the Chevrolet Equinox at its Ramos Assembly plant in Mexico due to the global shortage of semiconductors. The U.S. automaker did not say how much LG would pay but said it will recognize an estimated recovery in the third-quarter earnings that will offset US$1.9 billion of the total charges associated with the recall.
GM said on Sept. 20 that battery production for the Bolt had resumed and that battery replacements were expected to begin in mid-October.
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