April 20 (UPI) — General Motors said it has ceased all operations in Venezuela after authorities unexpectedly seized its plant in the city of Valencia. Venezuela authorities seized its plant Wednesday afternoon and its associated bank accounts likely are also out of its control, meaning the company cannot make payments, such as employee wages. This is what you get when you deal with socialist dictatorship nations like Venezuela. Time for GM to move back home and start paying American workers what they are worth, and benefiting from a stable, safe, government. Thoughts?
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60 percent of the components it uses for its Chrysler, Dodge and Jeep lines come from the U.S., while about 20 percent come from Mexico and Latin America, about 10 percent from Canada and just under 10 percent from the rest of the world, so yes.