Chevrolet Bolt Has Cost General Motors Over $800 Million In Recalls

General Motors’ recall of the Chevrolet Bolt EV will cost it almost $800 million.

When announcing its second-quarter financial results, GM announced that the recall had hit its earnings by approximately $800 million. That’s particularly remarkable when you consider that companywide losses for all GM recalls were estimated at $1.3 billion, meaning the Bolt EV recall accounts for more than 60 per cent of these costs.