Market intelligence, trend analysis and forecasts for the Automotives industry across the regions

Industry / Venezuela

GM Feels Regulation Pinch

May 2009 | Company News Alert

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US carmaker General Motors (GM) has revealed that it will be temporarily suspending production at its manufacturing plant in Venezuela from June. The decision comes as a result of its local subsidiary's limited access to dollars. This has handicapped the import of part supplies from abroad, GM Venezuela president Ronaldo Znidarsis has said.