GM Offers Buyback and Loaner Programs for Owners of Chevy Volt in Wake of Concerns Over Battery Safety
General Motors (GM) is responding to safety concerns about the Chevy Volt following reports of damaged lithium-ion battery packs in three cars that caught fire following testing carried out by the National Highway Traffic Safety Administration (NHTSA). No fires have yet been reported as a result of any real-world accidents.
GM initially responded to the reports by offering to give Volt owners a loaner vehicle while the testing was being completed, but the company has now stated that it will assuage the concerns of any worried Volt owners by purchasing the vehicle back from customers. GM also stated that it is willing to redesign the battery pack if an ongoing investigation into the matter finds any flaws.