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GM Pays Price for Doing Business with Dictators
LoP Guest
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User ID: 413775
04-21-2017 01:14 PM

 



Post: #1
banana GM Pays Price for Doing Business with Dictators
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The business world awoke to a headline shocking to American audiences but quite routine for those following the past two decades of socialist rule in Venezuela: the government of dictator Nicolás Maduro had seized GM’s remaining plant in the country.

The officials at General Motors issued an outraged statement vowing to “vigorously take all legal actions, within and outside of Venezuela, to defend its rights” and claimed they would no longer do business in the South American country. The government of Venezuela has not issued any public comment, likely viewing the seizure as unremarkable among the thousands made since late tyrant Hugo Chávez took over the country 17 years ago.

While the seizure is no surprise, GM’s continued presence in Venezuela is. The corporation had announced in 2015 that, following a wave of American company exists after Chávez’s death in 2013, it would “likely” cease all production in the country by July of that year.

http://www.breitbart.com/national-securi...venezuela/
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