Monday, August 09, 2021

The "perception"????? The reality!-----GM offers apology and scrambles to find a fix for Bolt fire risk

GM offers apology and scrambles to find a fix for Bolt fire risk
  • "The perception is bad..."
"...The existing software fix GM performed on the Bolts during the first recall has been largely successful, Flores said, but "not fully effective" to eliminate fire risk...
..."We don’t have the specific fix determined yet, but if you do A, B and C, we believe you’re effectively reducing the risk of a fire."
...“You can only charge it up to 90% and not go below 70 miles, which limits my mileage,” she said.
...If equity analysts and investors look at this as a signal that, for all of the announcements GM has made, they can’t produce a reliable EV and they can’t figure out how to fix it, that is not good for your stock price," Gordon said.
The Bolt recall has already cost GM $800 million, the automaker said Wednesday in its second quarter earnings report...Much here, read all!!!!

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