Keep Calm and Commie On
Just one thing, we prefer to be called, "progressives"
Posted on 04/20/2017 4:47:53 AM PDT by Ciaphas Cain
General Motors said on Wednesday that Venezuelan authorities had illegally seized its plant in the industrial hub of Valencia and vowed to "take all legal actions" to defend its rights.
The seizure comes amid a deepening economic crisis in leftist-led Venezuela that has already roiled many U.S. companies.
"Yesterday, GMV's (General Motors Venezolana) plant was unexpectedly taken by the public authorities, preventing normal operations. In addition, other assets of the company, such as vehicles, have been illegally taken from its facilities," the company said in a statement.
It said the seizure would cause irreparable damage to the company, its 2,678 workers, its 79 dealers and to its suppliers.
Venezuela's Information Ministry did not immediately respond to a request for information.
(Excerpt) Read more at dailysabah.com ...
PS: Dear globalist corporations with factories in Mexico. Mexico is way overdue for a socialist/communists revolution. Kiss your assets goodbye!
Couldn’t of happened to a better company. They ripped off their bond holders. Built a plant in a communist country, presumably for cheap labor.
This is like dream come true for radical leftists in America
IIRC, that was part of the scenario preambling the events of the movie Red Dawn.
I wonder if the Venezuelan Gov. is going to use the same book to mfg. cars that they used to produce oil like they did when they kicked out all the oil companies?
Socialism will throw this by the boards when it has run out of game.
With all the emotional knee-jerking and the absence of facts, I sometimes think I have accidentally wandered onto a leftist site. . .
Good
A dead GMis a good GM
The risk GM took to go into a Socialist Mecca to save a few bucks on cheaper employment. Democrats thought it was a good idea at the time.
Yes, President Trump is going to be parachuted into Venezuela to lead the charge up to GM. Everything is a plot and a conspiracy theory.
Keep Calm and Commie On
Just one thing, we prefer to be called, "progressives"
Perhaps. But any responsible management should have taken note of the change in wind direction a long time ago, and acted accordingly.
Well, didn’t they go face down backside up for Obama when they became Government Motors?
Funny, they took readily to government control before.
That plant was built long ago. It made perfect sense at that time - South Americans buy automobiles, too.
Dunno ‘bout MBAs, but I know that a lot of economists are bat-s#!+ crazy. Had one tell me that deficit spending could be sustained indefinitely with the right tax policies.
GM is going to take all legal means to protect itself? It would be better off blowing up its factories and funding and arming the opposition.
That cheap foreign labor just got really expensive.
It will be a line item in next year's tax return, i.e. "loss from Venezuelan operations."
Probably. Less of those evil, polluting cars! Donkeys are green and walking is healthy.
Sounds like they are lining up for another US bail out.
Sorry you pukes, ain't going to happen under President Trump's watch..... You get in bed with socialism , you die by socialism
Globalism at its finest
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