This is the best summary I could come up with:

Chevy Bolt owners might have the option to receive a $1,400 payout from GM as compensation for dealing with the cars’ defective EV batteries that required a software range limiter to prevent them from catching fire.

As reported by Engadget, the new offer from GM comes as the company deals with a class action lawsuit stemming from two Bolt recalls that, over time, grew to include nearly every model ever released.

To qualify for the offer, owners must install a “final remedy” software update on their Bolt through a Chevy dealership by December 31st, 2023.

According to the terms and conditions of the offer, owners have to agree to “forever waive” rights to sue or join a future class action lawsuit regarding battery issues “known or unknown.” Should the upcoming class action settlement amount exceed the $1,400 payout from GM, owners can get the difference on top of the initial agreement.

Older Chevy Bolt models that were made from 2017 to 2019 were initially provided “fixes” in 2021 to keep the vehicles from catching fire, but it did not work.

Considering ongoing labor strikes are forcing GM to delay other EVs like the Chevy Equinox and Silverado, we probably won’t see the next-gen Bolt anytime soon.

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