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Old 04-20-2017, 11:26 AM   #1
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Venezuela seizes a General Motors plant amid anti-government protests

No more Camaro's for Venezuela?
https://www.washingtonpost.com/world...=.26c9e013d8b0
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Old 04-20-2017, 11:30 AM   #2
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Is that the camoflauged paint scheme offered on the 2nd gens?
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Old 04-20-2017, 11:41 AM   #3
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Yes and this is the newer version!
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Old 04-20-2017, 11:49 AM   #4
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Old 04-20-2017, 12:19 PM   #5
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All this over a 17 year old lawsuit from a dealer group whose contract was terminated because they royally sucked at selling cars.
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Old 04-20-2017, 02:20 PM   #6
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New development...

Apparently a few months ago, the union took over the plant and forced GM out. When GM asked the Venezuelan government for help in regaining control, the government took the plant for itself.
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Old 04-20-2017, 04:25 PM   #7
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Wow crazy I would expect plant seizures in China , Russia ...
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Old 04-20-2017, 06:06 PM   #8
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Old 04-20-2017, 07:44 PM   #9
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Cut off all tooling, spare parts and raw materials. See how long they keep it running.
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Old 04-20-2017, 08:28 PM   #10
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Quote:
Originally Posted by HogsFan75 View Post
Cut off all tooling, spare parts and raw materials. See how long they keep it running.
Well that's the thing, supposedly the plant hasn't produced a vehicle since 2015 thanks to Venezuela's failing economy. They haven't been able to get any parts in.

Venezuela basically took over a giant lawn ornament that was GM property...
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Old 04-20-2017, 09:01 PM   #11
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Yup
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Old 04-21-2017, 06:30 AM   #12
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Socialism: When you eventually run out of other people's money, seize private property in an attempt to build capital and quell the violent, hunger riots.
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Old 04-21-2017, 08:12 AM   #13
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Earlier, Venezuelan sources had reported the seizure stemmed from a 17-year-old lawsuit with a dealer group in Maracaibo, but it turns out the situation is much worse than first thought.

Enrique Tahan, head of corporate and government relations for General Motors in Venezuela, told the New York Times that the plant has effectively been occupied for the last 42 days after being taken over by one of the company’s unions.

GM did ask the government for help reclaiming the facility, but instead, in a stunning show of socialism, the government took over the Valencian plant for itself.

“In other words, we are twice out of control of our plant,” Mr. Tahan told The Grey Lady. Members of the union were still able to enter the plant after the takeover, but the government was still barring GMV’s managers from setting foot inside.

“GM strongly rejects the arbitrary measures taken by the authorities and will vigorously take all legal actions to defend its rights,” the company said in a statement earlier.

This isn’t the first, nor the last time the Venezuelan government will take someone else’s stuff, since 1998 it has expropriated more than 1,400 private businesses.
http://www.gminsidenews.com/articles...first-thought/
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Old 04-21-2017, 08:46 AM   #14
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