Quote:
Originally Posted by redpoint5
GM limits Bolt sales by manipulating price and not advertising. Now they've got to replace every battery from 2017-2021 model years. On a vehicle that didn't earn them much in the first place, they have to be in the red on this.
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The Bolt was selling at an annual rate of 40,000 before the recall - double 2020 sales. You don't purposely double production on a vehicle you are losing money making.
LG is paying to replace every Bolt battery. It is a marketing hit to GM but the financial hit is on LG's books.
EDIT: Looking at the NHTSA numbers the 2020 Bolt has 24% US content and 57% Korean. (Makes sense as LG is Korean and the Bolt is built on a modified Gamma II platform and which was developed in Korea and primary assembly is in Korea)