In the second-quarter earnings report, GM said the Bolt recall has already cost $800 million. That cost made up the bulk of GM’s $1.3 billion in warranty expenses in the quarter.
"The total recall costs for the Bolt across both actions this year is about $1.8 billion, which is a large number and I can understand why GM is seeking some reimbursement from the supplier," said Morningstar auto analyst David Whiston. "I don’t know if they’ll get it or not. It’s not drastically less than what would be GM’s now suspended annual dividend payout of a bit over $2 billion."
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