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GM’s earnings dragged down by Chevy Bolt recall

GM's earnings dragged down by Chevy Bolt recall

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The twice-issued recall for 2017 to 2019 Chevrolet Bolt electric vehicles cost General Motors $800 million, the company said in its second quarter earnings statement Wednesday. Costs associated with fixing defective Bolt batteries make up the lion’s share of GM’s $1.3 billion in warranty expenses last quarter.

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