Global Markets Reel as Euro Falls, Swiss Franc Surges and Oil Prices Spike After U.S.-Israel Strike on Iran 
FAA Plans Flight Reductions at Chicago O’Hare as Airlines Ramp Up Summer Schedules 
PBOC Scraps FX Risk Reserves to Curb Rapid Yuan Appreciation 
Netflix Stock Jumps 14% After Exiting Warner Bros Deal as Paramount Seals $110 Billion Acquisition 
Nvidia to Launch New AI Inference Processor to Boost OpenAI Performance 
Japan Manufacturing PMI Jumps to Four-Year High as Global Demand Strengthens 
Boeing Secures $166.8 Million U.S. Navy Contract for P-8A Engineering and Software Support 
Trump Warns Iran as Gulf Conflict Disrupts Oil Markets and Global Trade 
ASX CEO Exit Signals Turbulent Transition Amid Lawsuit and Regulatory Scrutiny 
Argentina Tax Reform 2026: President Javier Milei Pushes Lower Taxes and Structural Changes 
Coupang Reports Q4 Loss After Data Breach, Revenue Misses Estimates 
Nintendo Share Sale: MUFG and Bank of Kyoto to Sell Stakes in Strategic Unwinding 
Australian Dollar Rallies on Hawkish RBA Outlook; Yen Slips as BOJ Faces Political Pressure 
Gold Prices Surge Over 2% After U.S.-Israel Strikes on Iran Spark Safe-Haven Demand 
The strikes on Iran show why quitting oil is more important than ever 
Australia Housing Market Hits Record High Despite RBA Rate Hike 
General Motors announced that it will recall some of its Chevrolet Bolt electric vehicles. The affected ones are those that were fitted with batteries made at LG Energy Solution Ltd.’s manufacturing plant in South Korea.
The affected GM Bolt model
As per Yonhap News Agency, the battery software must be amended to reduce fire risks. Based on the report, General Motors will recall Bolt EVs with model years from 2017 to 2019. A total of 69,000 units are affected.
The batteries installed in the Chevy Bolt EVs were said to have been manufactured in Ochang, located in the south of Seoul. The automaker said that it has sold 9,500 units of its Bolt electric vehicles in South Korea.
To address the said issue on the Bolt electric vehicle model, the battery software will be updated. GM said that authorized dealers will install "advanced onboard diagnostic software" on the cars to find potential issues related to battery module performance. The company will do this step to prevent any problem that may arise.
“As part of the service procedure, dealers will utilize GM-developed diagnostic tools to identify potential battery anomalies and replace battery module assemblies as necessary,” Chevrolet, a division of GM, said in a statement. “The remedy will also include the installation of advanced onboard diagnostic software into these vehicles that, among other things, has the ability to detect potential issues related to changes in battery module performance before problems can develop.”
Schedule of the repair for eligible units
General Motors voluntarily recalled the Chevy Bolt EVs in November for fire risks when the batteries are fully charged. This flaw made the owners to charge their cars only up to 90% to temporarily solve the issue. When the battery software update is done, it was said that drivers can now charge to 100% again.
Finally, Reuters reported that GM Korea will immediately carry out the recalls once the software needed for the process and other parts are ready. The company said it will start the repairs by the end of May and all affected units should be brought to designated dealers and repair centers.
