Venezuela Seizes GM, Warning Sign to U.S. Companies? | WHAT REALLY HAPPENED


Venezuela Seizes GM, Warning Sign to U.S. Companies?

U.S. multinationals with plants in Venezuela are likely on edge Thursday, after American automaker General Motors (NYSE:GM) pulled the plug on its operations in the poverty-stricken country, following a government takeover of its plant amid large-scale violent protests.

“All foreign companies, and especially U.S. firms, should be concerned with the increasingly extreme and aggressive behavior of the Venezuelan regime,” Ian Vasquez, director of the Cato Institute's Center for Global Liberty and Prosperity, told FOX Business.

American beverage company Coca-Cola (NYSE:KO), however, indicated to FOX Business Thursday it didn’t have any plans to pull its operations from the distressed South American country.

“There is no indication that any of our facilities in Venezuela are currently at risk of being altered and we’re working closely with Venezuelan authorities to assure a continuous operation in the country,” the company said.

Webmaster's Commentary: 

The choices here are very dicey for American companies doing business in Venezuela.

I just hope and pray that "regime change" here happens with a minimum amount of bloodshed; the Venezuelan people have suffered enough.

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