GM says Venezuela has illegally seized its manufacturing plant
General Motors will immediately cease operations in the country of Venezuela after the U.S. automaker announced authorities there illegally seized its manufacturing plant and industrial hub. The hub, situated in Valencia, employs 2,678 workers. “Yesterday, GMV’s (General Motors Venezolana) plant was unexpectedly taken by the public authorities, preventing normal operations. In addition, other assets of the company, such as vehicles, have been illegally taken from its facilities,” the company said in a statement. GM went on to call the ...
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