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LG to pay up to $1.9B to GM

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LG Electronics agreed to pay up to $1.9 billion to General Motors.

The reimbursement funds involve recalls of GM's Chevrolet Bolt electric vehicles due to fire risks. The threat of fire is due to faulty batteries provided by the South Korean supplier.

Manufacturing issues occurred at LG's plants in South Korea and Michigan.

Read more from CNBC.

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