Gen­eral Mo­tors quits Venezuela af­ter gov­ern­ment seizes fac­tory

The Middletown Press (Middletown, CT) - - OPINION -

Gen­eral Mo­tors an­nounced Thurs­day that it was shut­ter­ing its op­er­a­tions in Venezuela af­ter au­thor­i­ties seized its fac­tory in the coun­try, a move that could draw the Trump ad­min­is­tra­tion into the es­ca­lat­ing chaos en­gulf­ing the South Amer­i­can na­tion amid days of deadly protests.

The plant in the in­dus­trial city of Va­len­cia was con­fis­cated on Wed­nes­day as anti-gov­ern­ment pro­test­ers clashed with se­cu­rity forces and pro­gov­ern­ment groups in a coun­try bat­tered by eco­nomic trou­bles, in­clud­ing food short­ages and triple-digit in­fla­tion. Three peo­ple were killed and hun­dreds ar­rested in the dead­li­est day of protests since the un­rest be­gan three weeks ago.

The seizure arose from an al­most 20-year-old law­suit brought by a for­mer GM deal­er­ship in west­ern Venezuela. The deal­er­ship had been seek­ing dam­ages from GM of about $665 mil­lion at the of­fi­cial ex­change rate.

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