GM to Produce New Chevrolet Bolt EV After Previously Planning to End Model

GM announced plans for a new Ultium-based Chevrolet Bolt EV despite previously deciding to discontinue the model.
Slow battery production has hampered GM's overall EV rollout, leading it to fall short of targets.
GM reported higher Q2 earnings on strong vehicle pricing and sales but took a charge related to the Bolt recall.
The company raised its 2023 outlook based on demand and cost savings but faces risks like union negotiations.
GM aims to accelerate EV production in the second half of 2023 after only delivering 50,000 in the first half.