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Benzinga
Benzinga
Business
Shivani Kumaresan

GM Extends Production Halt For Chevrolet Bolt EV: Report

  • General Motors Co (NYSE:GM) is extending production halt for Chevrolet Bolt electric vehicle, Reuters reports.
  • The production halt at its Orion Assembly plant in Michigan will last through February-end.
  • The report added that the company has also halted retail sales of new Bolt vehicles indefinitely.
  • General Motors in August widened its recall of the Bolt to more than 140,000 vehicles to replace battery modules after a series of fires. 
  • The National Highway Traffic Safety Administration has an ongoing investigation into the battery fires.
  • Price Action: GM shares are trading lower by 3.06% at $53.47 on the last check Monday.
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