FDA Targets Hims & Hers Over $49 Weight-Loss Pill, Raising Legal and Safety Concerns 
Trump Lifts 25% Tariff on Indian Goods in Strategic U.S.–India Trade and Energy Deal 
Dollar Near Two-Week High as Stock Rout, AI Concerns and Global Events Drive Market Volatility 
Trump Signs Executive Order Threatening 25% Tariffs on Countries Trading With Iran 
Instagram Outage Disrupts Thousands of U.S. Users 
Oil Prices Slide on US-Iran Talks, Dollar Strength and Profit-Taking Pressure 
Toyota’s Surprise CEO Change Signals Strategic Shift Amid Global Auto Turmoil 
Trump’s Inflation Claims Clash With Voters’ Cost-of-Living Reality 
Dow Hits 50,000 as U.S. Stocks Stage Strong Rebound Amid AI Volatility 
Gold Prices Slide Below $5,000 as Strong Dollar and Central Bank Outlook Weigh on Metals 
U.S.-India Trade Framework Signals Major Shift in Tariffs, Energy, and Supply Chains 
China Extends Gold Buying Streak as Reserves Surge Despite Volatile Prices 
RBI Holds Repo Rate at 5.25% as India’s Growth Outlook Strengthens After U.S. Trade Deal 
Uber Ordered to Pay $8.5 Million in Bellwether Sexual Assault Lawsuit 
American Airlines CEO to Meet Pilots Union Amid Storm Response and Financial Concerns 
Russian Stocks End Mixed as MOEX Index Closes Flat Amid Commodity Strength 
CK Hutchison Launches Arbitration After Panama Court Revokes Canal Port Licences 
General Motors announced a new recall notice for its 2017-2019 Chevrolet Bolt electric vehicles. It was stated that the automaker is recalling almost 70,000 units of the said EV model due to the risk of fire.
The affected GM vehicle and the cause of the recall
The battery was identified as the part that can catch fire when GM’s Chevrolet Bolt is parked. It was added that General Motors does not have a solution yet for the issue that has been linked to nine fire incidents since 2020, according to CNN Business.
As a precaution, the U.S. regulators released instructions for owners so that they can ensure safety until General Motors could repair their vehicles. Firstly, Bolt owners were advised not to park their electric vehicles in a garage or close to their home or any structures because the fire could quickly spread. The regulators informed everyone that all the fires reported to them happened when the Bolt EVs were parked.
So far, two injuries related to the Bolts fire were reported. It was said that the number of GM Chevrolet Bolt that is being recalled is small, but the company’s action to recall them immediately is significant because they are shifting from gas-powered to EVs. This means that the automaker needs to take note of the issues so it can further improve the electric cars before the gas-powered vehicles are completely taken off the roads.
The fix for the defect related to the battery
In an emailed statement sent to CNBC, Dan Flores, GM’s spokesperson, said that the solution for the problem is likely to just involve the replacement of battery modules or the whole battery pack of the Chevy Bolts. He added that replacing the defective battery module is costly, but this will be free for the affected Chevy Bolts.
“We’re working with our supplier and manufacturing teams to determine how to best expedite battery capacity for module replacement under the recall,” Flores said via email. “These teams are working around the clock on this issue.”
The company also told owners to charge their cars up to 90% only using the Hilltop Reserve mode for the 2017-2018 models. For the 2019 models, they should use the Target Charge Level. Lastly, owners were asked to avoid depleting their battery below approximately 70 miles of remaining range.
