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General Motors accuses Venezuela of illegally seizing its car plant

April 20th, 2017
Categories: Past News

Link: https://www.rt.com/business/385387-venezuela-general-motors-plant/

US automaker General Motors (GM)accused Venezuelan authorities of seizing its plant in the industrial hub of Valencia and pledged to "take all legal action."" In addition, other assets of the company, such as vehicles, have been illegally taken from its facilities," the company said in a statement, quoted by Reuters. The economic crisis in Venezuela has hurt many other US businesses in the country, including food makers and pharmaceutical firms, which have been forced to cut operations.

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