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GM Plant Seized by Venezuela

On Wednesday, April 19th, General Motors (GM), announced that Venezuela unexpectedly and illegally seized one of their plants. GM has immediately halted all operations in Venezuela and plant to take legal action to defend their rights.

 

GM has operated in Venezuela for almost 70 years. The company employs 2,678 workers and 79 dealers in the country.

 

It’s unclear why Venezuela seized the car plant. In the past, President Nicolas Maduro has blamed the U.S. for their country’s economic and political problems. Venezuela is currently experiencing a political and economic crisis which has resulted in deadly protests. So far, at least 7 people have died.

 





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