The Stock Ticker Notable Investors Are Holding

They may not be trading on public markets, but Pacaso just reserved the ticker PCSO. Co-founded by the man who took Zillow from seed to IPO, Pacaso brings co-ownership to a $1.3T market. They've earned $110M+ in gross profits already. Well-known firms like Maveron even invested.

GM Recalls 107 Bolt Electric Vehicles Due To Fire Risks

Anan Ashraf
November 05, 2024

General Motors (NYSE:GM) is recalling 107 Bolt electric vehicles owing to fire risks, the National Highway Traffic Safety Administration (NHTSA) said on Monday.

What Happened: The recall population includes certain 2020-2022 Chevrolet Bolt EV and 2022 Bolt EUV vehicles, the U.S. auto safety regulator said.

The vehicles were previously recalled and installed with advanced diagnostic software. However, the software might not have been installed correctly and as a result, the high-voltage battery may catch fire when charged to nearly full or full capacity, NHTSA said.

As for a solution, dealers will correctly install the advanced diagnostic software, NHTSA added.

However, until then, the regulator advised drivers to park outside after charging and to not charge over 90%. It also warned drivers to not charge their vehicles indoors overnight, among other measures.

Why It Matters: The Chevrolet Bolt was GM's best-selling electric vehicle until the company stopped production of its previous generation in December.

GM's autonomous driving unit Cruise will also use the next-generation Bolt for its autonomous driving operations in the future, company CEO Mary Barra said in July. Production of the next-generation Bolt is expected to commence next year.

Check out more of Benzinga’s Future Of Mobility coverage by following this link.

Read Next:

  • Elon Musk Rejects Rumors Of A Tesla Phone, But Says The EV Giant Will Have To Make One If This Happens

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