Dollar Near Two-Week High as Stock Rout, AI Concerns and Global Events Drive Market Volatility 
Gold Prices Slide Below $5,000 as Strong Dollar and Central Bank Outlook Weigh on Metals 
Tencent Shares Slide After WeChat Restricts YuanBao AI Promotional Links 
TSMC Eyes 3nm Chip Production in Japan with $17 Billion Kumamoto Investment 
Japan Economy Poised for Q4 2025 Growth as Investment and Consumption Hold Firm 
Missouri Judge Dismisses Lawsuit Challenging Starbucks’ Diversity and Inclusion Policies 
India Services Sector Rebounds in January as New Business Gains Momentum: HSBC PMI Shows Growth 
Asian Stocks Slip as Tech Rout Deepens, Japan Steadies Ahead of Election 
Dollar Steadies Ahead of ECB and BoE Decisions as Markets Turn Risk-Off 
Vietnam’s Trade Surplus With US Jumps as Exports Surge and China Imports Hit Record 
Amazon Stock Rebounds After Earnings as $200B Capex Plan Sparks AI Spending Debate 
Japanese Pharmaceutical Stocks Slide as TrumpRx.gov Launch Sparks Market Concerns 
Nintendo Shares Slide After Earnings Miss Raises Switch 2 Margin Concerns 
Sony Q3 Profit Jumps on Gaming and Image Sensors, Full-Year Outlook Raised 
Nvidia CEO Jensen Huang Says AI Investment Boom Is Just Beginning as NVDA Shares Surge 
US-India Trade Bombshell: Tariffs Slashed to 18% — Rupee Soars, Sensex Explodes 
Novo Nordisk Warns of Profit Decline as Wegovy Faces U.S. Price Pressure and Rising Competition 
GM has expanded it's Chevy Bolt electric vehicles recall by announcing the need to fix additional 73,000 units of the said EV model. The new recall affects those that were fitted with LG brand batteries that may cause a fire.
According to Yonhap News Agency, Bolt EVs with model years from 2019 to 2022 that are sold in Canada and the United States need to be fixed for defective battery modules. This latest recall is on top of the 69,000 GM Bolt units with model years from 2017 to 2019 that were recalled in July for the same issue.
General Motor’s recall at that time cost the company some $800 million, and with the latest call backorder, it was reported that the automaker is expected to lose another $1 billion for the costs. The company made the announcement of the recall last weekend, and this raised new questions about the lithium-ion batteries that were installed in almost all EVs today.
It was mentioned that Hyundai, Ford, and BMW have also recalled batteries in their electric vehicle models recently. This suggests that there are issues with the type of battery being used to power the vehicles.
"In rare circumstances, the batteries supplied to GM for these vehicles may have two manufacturing defects and these are torn anode tab and folded separator that are present in the same battery cell, which increases the risk of fire," the carmaker said in a statement.
For this, General Motors revealed its plan to continue asking LG for reimbursement after the probe into the faulty batteries. If the investigation states that there are really manufacturing defects in the battery cells made beyond the Ochang plant in South Korea, the company will go after LG Energy Solution.
On the other hand, the South Korean battery maker said it is working earnestly with its partners and clients to make sure that the recall measures will go smoothly. It was reported that LG Electronics supplied battery modules to General Motors that were made with battery cells from LG Energy Solution.
Reuters stated that this new recall from GM is a big setback because it will not just be hit with $1 billion for the additional vehicles to fix, but it may also affect the firm’s EV sales that it has been trying to lift. Moreover, it will be halting the sale of its electric vehicles until the problem is solved.
