|Bid||836,000.00 x 0|
|Ask||837,000.00 x 0|
|Day's range||831,000.00 - 848,000.00|
|52-week range||588,000.00 - 1,050,000.00|
|Beta (5Y monthly)||1.16|
|PE ratio (TTM)||N/A|
|Earnings date||25 Oct 2021|
|Forward dividend & yield||10,000.00 (1.20%)|
|Ex-dividend date||29 Dec 2020|
|1y target est||1,119,090.00|
Investors in General Motors (NYSE: GM) who have been worried about GM's massive $2 billion recall of Chevrolet Bolts for battery fires can breathe easier: GM said on Tuesday that a corporate sibling of its battery-cell supplier, LG Chem, has agreed to cover nearly all of the bill. GM had already said it is recalling and checking every Bolt ever made, and that it will replace the batteries in any vehicle that is at risk of catching fire. GM said in a statement on Tuesday that LG Electronics, another unit of Korean giant LG Group, has agreed to reimburse the automaker for "costs and expenses associated with the recall of Chevrolet Bolt EVs and EUVs due to manufacturing defects in battery modules supplied by LG," about $1.9 billion.
(Bloomberg) -- LG Corp. companies that supply batteries to General Motors Co. set aside 1.1 trillion won ($918 million) to cover costs related to the recall of Chevrolet Bolt electric vehicles, reassuring investors concerned about a rift between the South Korean conglomerate and a major carmaking customer.Most Read from BloombergHow France Turned the Humble Roundabout Into a Showcase for ArtWhat the Front Line of the U.S. Abortion Fight in Kentucky Looks Like NowNYC's Waldorf Gets Plush Renovati
SEOUL (Reuters) -General Motors Co said on Tuesday its battery partner, South Korea's LG Electronics Inc, had agreed to reimburse it for the $2 billion estimated in costs and expenses associated with the recall of Bolt electric vehicles. It follows announcements earlier in the day by GM's battery suppliers LG Chem Ltd and LG Electronics that the two South Korean firms will shoulder a combined $1.2 billion of costs associated with the recall. GM expanded the recall, which will replace LG battery modules due to the risk of fire, in August to more than 140,000 cars.