Scandinavian Tobacco Group Sells BREAK and Moro Brands to Japan Tobacco for €176 Million 
Wistron Opens $700M Texas AI Factory to Build Nvidia GB300 Superchips 
Trump Set to Unveil New Tariffs on Dozens of Countries as Global 10% Duty Nears Expiration 
Oil Prices Extend Four-Day Rally as U.S.-Iran Conflict and Red Sea Threats Raise Supply Fears 
Saudi Oil Tankers Reverse Course as Houthi Threats Disrupt Red Sea Shipping 
Elon Musk Fuels SpaceX-Tesla Merger Speculation After Earnings Call 
GM Q2 Earnings Beat Estimates as General Motors Raises 2026 Profit Outlook 
US Dollar Holds Near One-Week High as Middle East Tensions and Oil Prices Drive Market Sentiment 
Intel, AMD Seek Long-Term China Server CPU Deals as AI Demand Drives Supply Crunch 
Samsung Cuts U.S. Consumer Electronics Jobs as Headquarters Moves to Texas 
Japan PM Sanae Takaichi Unveils Growth Plan as BOJ Independence Concerns Lift Bond Yields 
Gold Price Surges Above $4,100 as Middle East Tensions Boost Safe-Haven Demand 
Asian Stocks Rally on AI Spending Optimism as Middle East Tensions Push Oil to Six-Week High 
Alphabet Q2 Earnings Beat Estimates as AI Spending, Google Cloud Growth Fuel Outlook 
Wistron Opens $700M Texas AI Factory to Build Nvidia Superchips in U.S. 
European Stocks Slip as Earnings, UK Inflation and ECB Decision Keep Investors on Edge 
General Motors is recalling about 140,000 units of its Chevrolet Bolt electric vehicles in North America. The automaker said the affected units need to be fixed as the installed carpet may catch fire following a crash.
It is the part where the front seat belt pretensioner is placed. As per Reuters, General Motors announced this week that its latest recall affects Chevrolet Bold EVs with model years from 2017 to 2023.
The company further explained that the fire risk is because of the rare case where the front seatbelt pretensioner expelled gases that are coming in contact with the floor carpeting fibers after a car crash. This situation may cause a fire thus, it has warned customers about the possibility. The recall of Chevy Bolts affects 120,000 units in the United States and 20,000 cars in Canada.
It was reported that there is another defect that could also cause a fire, and this one involves the battery cell. The automaker said that in this case, the LG battery module is the main culprit of fires.
RTT News reported that General Motors will be replacing the defective lithium-ion battery modules used in Chevrolet Bolts electric vehicles and electric utility vehicles with new lithium-ion modules. GM will notify the owners when replacement parts become available.
Once they are ready, owners can call up General Motors to schedule an appointment for the repairs. They can choose the nearest authorized Chevrolet EV dealer for the replacement.
Chevrolet also notified owners of the Bolt EV and EUV about the latest software update. This will allow drivers to draw out the parking and overnight charging limitations on their units. The software update is also done through an appointment with a dealer.
Finally, while waiting for the software update, owners are urged to set their EVs to a 90% state of charge limitation through Hilltop Reserve mode for 2017-2018 models or target charge levels for those with 2029-2022 models.
