General Motors Quits Venezuela After Officials Seize Plant
http://www.nbcnews.com/news/world/ge...-plant-n748741
Quote:
The auto giant did not provide any details about its plant being seized, other than saying it "was unexpectedly taken by authorities, preventing normal operations." It said other assets, "such as vehicles," had also been stripped from the site.
Venezuela's Information Ministry did not immediately respond to a request for information, according to Reuters.
As a result of the seizure, GM announced an "immediate cessation of its operations in the country."
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Tough luck, GM. You should've seen this coming.