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Thread: GM says Venezuela has seized its car plant

  1. #1

    Default GM says Venezuela has seized its car plant

    GM says Venezuela has seized its car plant
    by Alanna Petroff - April 20, 2017

    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.
    ...
    More: http://money.cnn.com/2017/04/20/news...-plant-seized/
    Twitter: B4Liberty@USAB4L
    "Foreign aid is taking money from the poor people of a rich country, and giving it to the rich people of a poor country." - Ron Paul
    "Beware the Military-Industrial-Financial-Corporate-Media-Government Complex." - B4L update of General Dwight D. Eisenhower
    "Debt is the drug, Wall St. Banksters are the dealers, and politicians are the addicts." - B4L
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  3. #2

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    With few alternatives, Venezuelans take to the streets again
    By Jim Wyss - April 20, 2017

    Venezuela’s opposition is taking to the streets again Thursday amid a deep national crisis that has sparked weeks of sometimes deadly protests, and as the government of President Nicolás Maduro — once again — tries to draw its critics to the bargaining table.

    The new marches come after a massive demonstration Wednesday left at least three dead — including a member of the security forces — and dozens arrested.

    Asked about the point of the incessant marches, National Assembly President and opposition leader Julio Borges told Exitos FM radio Thursday that in a country that isn’t being allowed to vote or freely express itself, the streets are key.

    The demonstrations are a way of “telling ourselves, the whole world, and those who hold power in Venezuela, that we [the opposition] are an incontrovertible majority,” Borges said.

    Amid the chaos, Maduro seems to want to coax more moderate members of the opposition back into talks.

    During a speech Wednesday before thousands of his own followers, Maduro said his lieutenants in the “coming hours and days” would invite willing members of the opposition “to sit down and talk about the future of the country, sit down in a national dialogue for peace.”
    ...
    More: http://www.miamiherald.com/news/nati...145719174.html
    "National dialogue", "National conversation", "Adult conversation". Translation: they are going to continue to screw you, and on top of that, they want to lecture you too. The left loves their marketing phrases and talking points.
    Twitter: B4Liberty@USAB4L
    "Foreign aid is taking money from the poor people of a rich country, and giving it to the rich people of a poor country." - Ron Paul
    "Beware the Military-Industrial-Financial-Corporate-Media-Government Complex." - B4L update of General Dwight D. Eisenhower
    "Debt is the drug, Wall St. Banksters are the dealers, and politicians are the addicts." - B4L
    "Totally free immigration? I've never taken that position. I believe in national sovereignty." - Ron Paul


    The views and opinions expressed here are solely my own, and do not represent this forum or any other entities or persons.

  4. #3

    Default

    Twitter: B4Liberty@USAB4L
    "Foreign aid is taking money from the poor people of a rich country, and giving it to the rich people of a poor country." - Ron Paul
    "Beware the Military-Industrial-Financial-Corporate-Media-Government Complex." - B4L update of General Dwight D. Eisenhower
    "Debt is the drug, Wall St. Banksters are the dealers, and politicians are the addicts." - B4L
    "Totally free immigration? I've never taken that position. I believe in national sovereignty." - Ron Paul


    The views and opinions expressed here are solely my own, and do not represent this forum or any other entities or persons.

  5. #4

    Default

    Quote Originally Posted by Brian4Liberty View Post
    GM says Venezuela has seized its car plant
    by Alanna Petroff - April 20, 2017
    Wonder if GM factored this into their decision to open a plant in Venezuela?
    Twitter: B4Liberty@USAB4L
    "Foreign aid is taking money from the poor people of a rich country, and giving it to the rich people of a poor country." - Ron Paul
    "Beware the Military-Industrial-Financial-Corporate-Media-Government Complex." - B4L update of General Dwight D. Eisenhower
    "Debt is the drug, Wall St. Banksters are the dealers, and politicians are the addicts." - B4L
    "Totally free immigration? I've never taken that position. I believe in national sovereignty." - Ron Paul


    The views and opinions expressed here are solely my own, and do not represent this forum or any other entities or persons.

  6. #5

    Default

    Will the government come to the aid of Government Motors?
    Quote Originally Posted by misterx View Post
    Yeah, I like cops. They keep the streets safe. Get over it.

    Quote Originally Posted by dannno View Post
    The Fed is NOT safe from audit, Trump has said he wants to audit the fed and we may have some bills coming up soon.

    Trump is helping Rand pass his healthcare plan, if you think Trump actually supported RyanCare then you are foolish and you need to go read the threads where I addressed this topic. Rand was talking to Trump 2-3 times a week, and Rand told Trump straight up it wasn't going to pass, it didn't have the votes. Trump knew it wasn't going to pass, so he supported it to make sure it was all Paul Ryan's failure and none of it could be blamed on him. Trump hates Paul Ryan.

    Trump is going to help save Syria, with Russia's help.
    Quote Originally Posted by Mordan View Post
    It is not about brainwashing. You can support Trump for practical reasons. I think Danno is right about the Syria missile strikes helping Trump politically in the US. The media stopped talking about the sickening russian narrative. Proof again it was just a hoax to manipulate the public opinion.

    Trump made a good call as a politician. Libertarian souls can bitch all they want about principles and being conned. Trump is going to disappointed again. I have enough hairchest.

    Just answer the question. Which game is Trump playing?

  7. #6

    Default

    Quote Originally Posted by Origanalist View Post
    Will the government come to the aid of Government Motors?
    Again?
    He has combined with others to subject us to a jurisdiction foreign to our constitution,
    and unacknowledged by our laws;
    giving his Assent to their Acts of pretended Legislation:






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