GM Ceases Operation in Venezuela as Plant Is Seized — 2nd Replace

CARACAS, Venezuela — Basic Motors Co. grew to become the most recent multinational firm to exit what was South America’s most profitable shopper market, following the seizure of its plant linked to a courtroom case. Proceed Studying Beneath. Venezuelan … See Similar Threads…

GM says Venezuela has seized its automobile plant

Basic Motors says it’s going to instantly halt operations in Venezuela after its plant within the nation was unexpectedly seized by authorities. GM (GM) described the takeover as an “unlawful judicial seizure of its belongings.” The automaker stated the seizure Basic Motors halts Venezuela operations as authorities seize plant See Similar Threads…

GM Operations in Venezuela Are Seized as Protests Swell

A protester making an attempt to guard himself from tear fuel throughout antigovernment protests on Wednesday in Caracas, Venezuela. Credit score Cristian Hernandez/European Pressphoto Company. Basic Motors mentioned on Thursday that the Venezuelan authorities had seized its …GM newest US firm to have property seized in Venezuela See Similar Threads…

GM newest firm to have belongings seized in Venezuela

DETROIT — Normal Motors turned the newest company to have a manufacturing unit or different asset seized by the federal government of Venezuela, and the Detroit automaker faces an uphill battle to get better any damages. GM mentioned Thursday that its solely manufacturing unit in Venezuela …GM Operations in Venezuela Are Seized as Protests Swell See Similar Threads…

Venezuela seizes a Basic Motors plant amid anti-government protests

Venezuelan authorities seized a Basic Motors plant Wednesday, an surprising transfer that could be aimed toward scary U.S. authorities and distracting consideration from intensifying protests towards President Nicolás Maduro. The plant takeover occurred on …GM Operations in Venezuela Are Seized as Protests Swell See Similar Threads…