GM Says Its Plant In Venezuela Was Illegally Seized By The Government

Summary

General Motors has stopped operations in Venezuela after its only plant there was illegally seized by authorities, the automaker says in a statement. The details are murky: Multiple employees at the plant tell NPR that they believe auto dealers, not government officials, were responsible for the takeover. The seizure happened Wednesday, as the "mother of all protests" brought hundreds of thousands of people into the streets to demonstrate against socialist President Nicolas Maduro. GM announced the plant confiscation Thursday, saying its plant in Valencia "was unexpectedly taken by the public authorities, preventing normal operations.

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