“I’m not sticking up for GM or any other company that outsources but sometimes that’s the way it has to be done. “
I am very sure that the GM Venezuelan operation was set up to build cars for South America.
It was and Venezuela was one of the few countries in South America where you could buy a American brand car. IIRC we had a Chevy.
GM was there for over a half a century. They were betting on Chavez being the same sort that came before, full of grandiose speeches and crying about the poor while he funneled money into his own pocket. Very few of the "revolutionaries" in third world countries actually have any ideology aside from "getting me and mine money and power". They will take checks and assistance from anyone willing to give them a leg up.
While they certainly do not advance the country they usually do not want to wreck it. They are well aware of the story of the golden goose.
But every now and then you get a true believer. Usually they are taken out by their own people before they manage to take power. When they are not, that is when something terrible happens.