GM Offers $1,400 Compensation to Chevy Bolt Owners Amid Battery Defect Issues and Class Action Lawsuit

GM's compensation involves a "final remedy" software update which must be installed by year end, requiring car owners to waive rights to future class action lawsuits related to the battery issues.

• GM is offering a $1,400 compensation to Chevy Bolt owners for dealing with the cars’ defective EV batteries. The batteries required a software range limiter to prevent them from catching fire.
• To qualify for the offer, owners must install a “final remedy” software update on their Bolt through a Chevy dealership by December 31st, 2023. Once installed, owners will receive an e-gift card.
• However, the offer comes with a catch. Owners have to agree to “forever waive” rights to sue or join a future class action lawsuit regarding battery issues.
• If the upcoming class action settlement amount exceeds the $1,400 payout from GM, owners can get the difference on top of the initial agreement.
• Older Chevy Bolt models that were made from 2017 to 2019 were initially provided “fixes” in 2021 to keep the vehicles from catching fire, but it did not work and an entirely different battery issue cropped up in 2020. During that time, at least 19 Bolts caught fire with full batteries.

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