[Home]  [Headlines]  [Latest Articles]  [Latest Comments]  [Post]  [Mail]  [Sign-in]  [Setup]  [Help]  [Register] 

'Angel particle' discovery called milestone

Top 10 Chinese tech and engineering marvels

During Abbas's visit, China proposes peace through development in Middle East

After protests over Satanic monument, city removes all religious symbols from memorial

Conservative Anglicans are close to despair. Is the C of E about to split?

Hungary's leader: EU and Soros seek to "Muslimize" Europe

911- Flight 175 Was Not A Commercial Aircraft

Wall Street Journal writer Joseph Rago found dead in his apartment (34 years old)

WATCH: Cop Kills Unarmed Man for Walking Toward Him – Gets Job Back & Immunity

Veterans Turn To Marijuana To Ditch ‘Cocktail Of Drugs’ From The VA

Professor Rages "My University Treated Me Like A Criminal Over A Joke"

Did Elon Musk just confirm that the moon landings were faked?

New Hampshire Decriminalizes Simple Marijuana Possession, Foundation to Nullify Federal Prohibition

Anthony Scaramucci Expected to Be Named White House Communications Director

White House Press Secretary Sean Spicer Resigns After Trump Shakeup

First of Its Kind ‘Food Sovereignty’ Law Just Legalized Local Food Trade WITHOUT Govt

“I’ve Done A Bad Thing” 5-year-old Girl Bursts into Tears As Cops Fine Her for Lemonade Stand

Police Devise New Revenue Scam by Citing People Who Forget to Press Crosswalk Button

Billionaire GOP donor calls President Trump 'an abortion of a human being'

Here’s Who Will Lament — and Celebrate — the Plummeting U.S. Birth Rate

In Landmark Move, GOP Congress Calls Climate Change ‘Direct Threat’ to Security

John McCain Is a National Treasure

Second Monumental Arch of Titus

‘Oh, he just died’: Teens mock drowning man in disturbing video

Body Camera Video In Minneapolis Dog Shooting Released

The good people that Vic talks about needing welfare

Michigan Man Told To “Give Up Some Of Your Constitutional Rights” In Exchange For Adopting Grandson

Court Rules That Employees Can’t Be Fired For Medical Marijuana

Court Says Gov't Has To Do More Than Say It Doesn't Believe The Property Owners If It Wants To Keep The Cash It Seized

Megyn Kelly’s Bad News Just Keeps On Coming. She’s Screwed.

US Lawmakers Seek to Throw Citizens in Prison for Decades if They Boycott Israel

Police Claim Damond ‘Ambushed’ Cops-Unarmed in Pajamas-Family Blasts it as ‘Disinformation’

DUI-E Law Now Makes It Illegal to Text, Smoke and Even Eat While Driving

Taking Care of a Friend’s Dog For The Weekend? Better Have a License, NYC Says

DOJ Boss Promises The Return Of Everything That Didn't Work During The Last 40 Years Of Drug Warring

Orthodox Patriarch of Moscow - West is making a mistake

Breaking: O.J. Simpson granted parole

Antifa Leader Arrested in California for June 2016 Sacramento Riot

Bad Leadership 101: Toronto Man Builds Stairway for $550 Instead of $65,000 -- and the City Blocks It

This Poconos Property Manager Helped My Family Keep Our Vacation Home—Until Pennsylvania Shut Her Down

Jeff Sessions Marijuana Obsession vs Trump’s Pledge

Storage Cubby “Criminals”

John McCain diagnosed with Brain Cancer

Big Military Spending Boost Threatens Our Economy and Security

Girl at lemonade stand threatened by a man who said he'd call police for lack of a business license (misterwhite or Gatlin?)

Former Speaker of the House Let Out of Prison Early After Raping Children

Innocent Man Freed After Cop Seen on Own Body Cam Planting Drugs to Frame Him

Jilted Dentist Calls CPS on Mom

Why Did the IRS Seize this Wedding Boutique and Sell Everything for Next to Nothing?

His parents said he just needed to sleep. A SWAT team came instead


Status: Not Logged In; Sign In

International News
See other International News Articles

Title: Venezuela: Authorities Seize General Motors Plant
Source: Breitbart
URL Source: http://www.breitbart.com/news/gms-v ... -assets-seized-by-authorities/
Published: Apr 20, 2017
Author: Breitbart News
Post Date: 2017-04-20 08:41:43 by cranky
Keywords: None
Views: 149
Comments: 5

General Motors said it has ceased all operations in Venezuela after authorities unexpectedly seized its plant in the city of Valencia.

A court in the Zulia state said it imposed a broad embargo on the assets of General Motors Venezolana, C.A., or GMV, which has been in operation for nearly seven decades. GMV said authorities seized its plant Wednesday afternoon and that its associated bank accounts likely are also out of its control, meaning the company cannot make payments, such as employee wages.

GMV called the act “improper, absurd, outside of legal logic and due process.”

“GMV is taking all legal measures within its reach in order to protect the rights of its workers and their property,” the company said in a statement.

The company called on workers, suppliers, dealers and external operators to refrain from reporting to work at the plant or other jobs until the court ruling is reversed.

El Universal reported the seizure is likely related to a lawsuit against the company filed by a former landowner in Maracaibo. (1 image)

Post Comment   Private Reply   Ignore Thread  


TopPage UpFull ThreadPage DownBottom/Latest

#1. To: cranky (#0)

I have to ask why the hell is GM in a communist country and working?

Any company in a communist country should have their CEO fired until they leave those places.

Justified  posted on  2017-04-20   8:46:43 ET  Reply   Trace   Private Reply  


#2. To: Justified (#1)

I have to ask why the hell is GM in a communist country and working?

Business is business.

And business is in business to do business whenever and wherever it can.

The profit motive is powerful indeed and seems to transcend politics and political borders.

cranky  posted on  2017-04-20   8:54:30 ET  Reply   Trace   Private Reply  


#3. To: cranky (#2)

The profit motive is powerful indeed and seems to transcend politics and political borders.

But you know communist are always looking for an excuse why they fail and its always the greedy companies. Then the companies are taxed to death or they get taken over by the state. So any company that invest there should have their head examined or CEO fired for losing the shareholders money.

Justified  posted on  2017-04-20   9:10:50 ET  Reply   Trace   Private Reply  


#4. To: Justified (#3)

Then the companies are taxed to death or they get taken over by the state.

I always thought central planning and government ownership of business were hallmarks of communism.

cranky  posted on  2017-04-20   10:34:53 ET  Reply   Trace   Private Reply  


#5. To: Justified (#1)

Any company in a communist country should have their CEO fired until they leave those places.

Venezuela has only been communist for 5-10 years, and it seems GM has been there for 70, according to the article.

Pinguinite  posted on  2017-04-20   11:24:45 ET  Reply   Trace   Private Reply  


TopPage UpFull ThreadPage DownBottom/Latest

[Home]  [Headlines]  [Latest Articles]  [Latest Comments]  [Post]  [Mail]  [Sign-in]  [Setup]  [Help]  [Register] 

Please report web page problems, questions and comments to webmaster@libertysflame.com