GM and LG’s Too-Big-to-Fail links tested by $ 1 billion recall

In June 2017, months after General Motors Co. beats Tesla Inc. to market with an affordable, long-range electric vehicle, it released full-page newspaper ads touting how long his Chevrolet Bolt could travel between charges. The slogan: “Start a long-distance relationship, now.” “

Four years later, the long-distance relationship between GM and its battery partner, LG Energy Solution, is tested like never before. In question: which will receive a note of approximately 1 billion dollars.