GM has announced a settlement in principle of a class action lawsuit related to the battery defects plaguing its Chevrolet Bolt vehicles. The proposed settlement is a far cry from the settlements our clients have been receiving through individual claims, and if California Bolt owners prefer the best settlement possible the time for action is now. GM is trying to convince as many California Bolt owners as possible to accept a fraction of what they are entitled to in the form of a $1,400 Visa gift card payment.
While there absolutely is a sense of urgency about the situation, GM is hoping to convince consumers to accept a $1,400 payment now in exchange for a full and final release of all claims. GM is trying to convince California consumers that if they accept the offer they will be paid early. This offer is a raw deal for California consumers and we hope that all California Bolt owners call our office for free case evaluations from expert lemon law attorneys with decades of experience. We routinely obtain settlements that pay Chevy Bolt owners more than 1,000% what GM is offering now.
Earlier this year GM announced that it will stop replacing 2020 – 2022 Chevy Bolt batteries and would instead install a software patch that reduces battery charging capacity to 80% for a period of 6,200 miles. For many Bolt owners, it could take years to drive the miles required to see if the software patch worked.
This left many customers upset at being promised a new battery and not receiving it, and further, at needing to wait some number of months with restricted charging before receiving a solution.
Now, GM is trying to sweeten the pot to get customers to install the “software final remedy” by offering early/upfront payment of an anticipated $1,400 class action settlement. The payment comes in the form of a Visa eRewards card that can be used for online purchases.
GM made the announcement last night via spokesperson: GM is announcing a compensation program for 2020-22 Bolt EV/EUV owners upon installation of the final advanced diagnostic software as part of the original battery recall. Owners are eligible to receive a $1,400 Visa eReward card upon installation. This applies to Bolt EV/EUV owners in the US only. We’re grateful to our customers for their patience and understanding.
But you can only get this early payment if you install the “software final remedy” before December 31, 2023, and sign a legal release associated with taking the payment. If you don’t, you’ll have to wait for the class action to be sorted out. The compensation program only applies to owners involved in recall N212345944.
If the class action settlement ends up being more than $1,400, GM says that the difference will still be paid out to owners who take advantage of this early compensation offer. Needless to say, this is a horrible deal for California consumers, and we advise all impacted Bolt owners to contact our office for a free case evaluation before it is too late.
You can read more about GM’s announcement here.
Please fill out the form below including any documentation you have regarding your Chevy Bolt’s issues and repairs. A lemon law attorney will review your info and set up a free consultation to let you know if you qualify for lemon law help.
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