Real OC (& SoCAL) Politics

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GM Digs in With LG Corp. to Speed a Fix for Bolt Battery Fires

General Motors Co. is taking a more direct role with South Korea’s LG Corp., its longtime electric vehicle partner, in tracking down and fixing problems linked to battery fires in Chevrolet Bolts that threaten the strategic plans of both companies. At an investor conference on Friday, GM Chief Financial Officer Paul Jacobson said LG is working with GM engineers to “clean up the manufacturing process” at LG battery plants and implement some “GM quality metrics.” Battery plants in South Korea and Michigan operated by LG Energy Solution (LGES) have been identified by GM as the source of defects behind a rash of battery-related fires in the Bolt that have triggered three recalls and $1.8 billion in warranty set-asides by GM since last November—recalls for which GM still has not implemented a hardware fix. LGES and sister company LG Electronics on Friday reiterated their “close relationship” with GM and said the …

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