GM says Venezuela has seized its car plant
>4th highest GDP per capita in 1950
>africa tier now
socialism, literally not even fucking once
PUTANG INA KOTSE QUESO
PUTANG INA ANAK NG KAGAW
>PUTANG INA KOTSE QUESO
>PUTANG INA ANAK NG KAGAW
wut?
>posting a link to CNN
SEIZE DA MEANS OF PRADUCTION
seize the means of production. i see nothing wrong with that
What are they going to do when we stop shipping parts? I highly doubt this is a manufacturing plant. More likely just a final assembly plant to reduce duty
General Motors says it will immediately halt operations in Venezuela after its plant in the country was unexpectedly seized by authorities.
GM (GM) described the takeover as an "illegal judicial seizure of its assets."
The automaker said the seizure showed a "total disregard" of its legal rights. It said that authorities had removed assets including cars from company facilities.
"[GM] strongly rejects the arbitrary measures taken by the authorities and will vigorously take all legal actions, within and outside of Venezuela, to defend its rights," it said in a statement.
Authorities in Venezuela, which is mired in a severe economic crisis, did not respond to requests for comment.
It was not immediately clear why authorities seized the GM plant. Huge swaths of Venezuela's economy have been nationalized in the years since former President Hugo Chavez rose to power. Under Chavez, who took office in 1999, the state took control of private oil, telecommunications, energy and cement businesses.
President Nicolas Maduro has continued the tradition, while blaming the United States and its companies for Venezuela's economic and political problems.
"Government decision making is increasingly incoherent. It's difficult to understand the rationale," said Nicolas Watson, head of Latin American research at Teneo Intelligence.
Automakers in the country have struggled because they've been unable to access U.S. dollars to import parts, said Watson.
The GM plant in Valencia employs nearly 2,700 workers, but stopped producing cars in 2015 and has only been selling spare parts since then, a company spokesperson said.
GM said it would make "separation payments" to its workers.
Thats what they deserve for taking bailout money and opening a plant in Venezuela in the first place
This is the future of America. Venezuela, Mexico, Brazil etcc...
As whites become a minority.
>Brazil
Not if they vote the right guy
every. single. time.
zerohedge.com
Oh look, they gun grabbed 6 months ago.
>if USA had the inflation that Venezuela has
WE
WUZ
CARJAKAZ
AND SHEEEEEEIT
>still being this asshurt about the Monroe Doctrine
en.wikipedia.org
Reminder we almost fought a war against Germany and UK to protect Venezuela.
Well at least my college debts would now be worthless and easy to pay off. I do enjoy eating however, so not worth the tradeoff
tough break, should have stayed in america
gm deserves no sympathy
Ayn Raynd has a whole chapter on what socialism and looters do to thriving industry in her seminal novel Atlas Shrugged.
They visit a manufacturing plant that has just been looted of everything valuable and left to rot.
Exactly what happened here.
Unless the starving, uneducated Venezuelans decide to try their hand at car manufacturing for the good of the people. Fucking commies
>10 pack of eggs
????
yeah true, getting vast sums of money would be "easy". Paying off that fixed sum debt would be a piece of ... rat cake
telesurtv doesn't seem to be reporting on it...
>unless the starving, uneducated Venezuelans decide to try their hand at car manufacturing
Kek. Trump Curse has latched on to them
twitter.com
>when you get too close to a gun fight
I wonder how much a factory is worth? They also have a ton of dealerships there too.
It's coming to Mexico, muricans get cucked yet again.
>has separate lineup for South America
>builds it in Venezuela and Brazil
At least they aren't pulling a ford and building f150s in Venezuela
>was unexpectedly seized by authorities.
maybe they should've kept the plant in the fucking US where there's actually a rule of law and not rule of force
Why did GM set up a factory in a socialist country? Do they not understand the implications?
nice digits there jose, but didn't you learn anything from the Dirty War? We control both sides of the border.
en.wikipedia.org
Should have set up shop in Chile desu senpai
Not real socialism, my negrito.
>US where there's actually a rule of law and not rule of force
Trump promised to get rid of that and all those so-called judges who think they know the law better than him.
USA will be Venezuela tier in 8 years.
thats about as socialist/communist as it gets.
means of production have literally been seized.
>t.visa regectee
>not real socialism
think again sunshine!
youtu.be
sry meant to tag