Brilliant response. Just brilliant.
L
Even if Venezuela wanted to pay for the GM plant, they couldn’t. They can’t afford the ink to print the money.
Finally, someone has surpassed GM in piss poor management.
Who is Juan Galt?
They cant buy food. How are they gonna buy a car ?
Misleading title.
Government Motors gets the government it deserves.
Maybe GM will think twice before moving plants away from the USA? They’re SOL in Venezuela and it doesn’t matter if GM thinks it’s illegal or not.
We’ve seen that movie in several countries south of our southern border: “The Bad and the Ugly.” ...all corruption on every side.
GM ought hire both Barack Obama and Sean Penn to negotiate with the Maduro government for them.
” ... which has not produced a car since the beginning of 2016 “
So they got a year and a half of severance + severance. Unfortunate what has happened to the country, but generous treatment considering how much GM already lost in seized facilities and property.
I just hope that the 2700 employees didn’t get paid by the money the US taxpayers paid GM.
“GM hadn’t made a car at the plant in Valencia, Venezuela since 2015, and automakers only made 2,849 cars in the country in 2016 altogether, a drastic drop from the 172,218 made in 2007. “
“The company is confident that justice will eventually be served, and looks forward to continue leading the Venezuelan market,” GM said in the statement. “In the meantime, GMV, through its dealers, will continue to provide aftermarket service and parts for its customers.”
http://www.mlive.com/news/us-world/index.ssf/2017/04/gm_fires_2700_venezuela-based.html