Chevy Bolt Owners Win $150 Million Settlement

General Motors and LG are establishing a $150 million fund to compensate Chevrolet Bolt owners after a faulty battery caused some of the electric vehicles to burst into flames. 

The $150 million is part of a legal settlement between GM and Bolt owners who filed a class-action suit against the Michigan automaker in 2020 for allegedly selling them a vehicle with a defective battery. Bolt owners who installed special software that GM offered to fix the battery issue can receive $1,400 from the fund, according to court documents filed late Thursday in Michigan. Bolt owners who sold their car before that date, or drivers who leased the Bolt before then, are eligible for a $700 payment, according to the documents. 

Read more at CBS News