I personally would weld the hole up and re-drill/tap it. But also drilling it out and tapping to M10 would be ok I would guess, as someone else mentioned its only 1mm each side bigger.
As for Nutserts/Rivnuts... I have a good english made set & I don't think it would work in this instance. The area that holds the nut in place is only designed to me mounted to sheet metal. There maybe 5-7mm of area there that does the 'riveting' and holds the nut in place by flaring out and pulling itself hard against the head on the other side (sheet metal between). In this case the nutsert has to go through the chassis (approx 2mm?), through the old stripped nut(5-7mm?), then poke its head out the other side. Not really anything for the nutsert there to bite into. I think it would grab, just by making a slight donut inside the nut and stay there but would pull out either whilst tightening, or not long after.
As for Nutserts/Rivnuts... I have a good english made set & I don't think it would work in this instance. The area that holds the nut in place is only designed to me mounted to sheet metal. There maybe 5-7mm of area there that does the 'riveting' and holds the nut in place by flaring out and pulling itself hard against the head on the other side (sheet metal between). In this case the nutsert has to go through the chassis (approx 2mm?), through the old stripped nut(5-7mm?), then poke its head out the other side. Not really anything for the nutsert there to bite into. I think it would grab, just by making a slight donut inside the nut and stay there but would pull out either whilst tightening, or not long after.
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