Some US companies that have left or scaled back in Venezuela

GM says Venezuela has seized its car plant

GM says Venezuela has seized its car plant

GM, America's largest automaker, said it was forced to cease operations in Venezuela because of an "illegal judicial seizure of its assets" and would lay off its 2,700 workers there.

At least three people were killed in shootings during Wednesday's demonstrations across the country, officials and relatives said, bringing the death toll in protests since March 29 to at least nine.

The lawsuit was brought by a former GM dealership in western Venezuela.

GM's revenue in South America has dropped from more than $13 billion in 2014 to $7.2 billion a year ago primarily because of falling sales in Brazil and Venezuela. Vehicles and other assets were also confiscated, causing "irreparable damage".

They were further fuelled when the government barred the opposition's best-known leader, two-time presidential candidate Henrique Capriles, from holding public office.

Workers attend a meeting Thursday with government officials at the General Motors plant in Valencia, Venezuela.

He too said that the takeover was by dealers - and there's no connection with the Venezuelan government.

"I have asked for an investigation because [Movistar] joined the coup march against the country, and that is not its job", Maduro said.

Records from President Donald Trump's inaugural committee show that, on December 22, 2016, Venezuela's state-owned oil company donated $500,000 to the American president's inauguration fund.

People demonstrate against Venezuela's President Nicolas Maduro in Caracas, Venezuela, April 20, 2017. The Opposition has accused Maduro of letting state forces and gangs of armed thugs violently repress demonstrators as he resists Opposition pressure for him to quit.

Alert McDonald's worker helps police find Steve Stephens
Facebook said it removed the video of the shooting 23 minutes after learning of it. "I am sorry that all of this has happened". Nearly 400 tips were called in, Williams said, emphasizing the important role the public played in helping to locate Stephens.

For weeks, opposition demonstrators have held violent protests in several cities across the country, calling for regime change and worldwide intervention. The other two people killed amid Wednesday's demonstrations included a teenager who was heading to a soccer match with friends.

The third fatality was a National Guard sergeant killed overnight when his squad was attacked with gunfire while trying to control disturbances in a suburb of Caracas, the chief prosecutor's office said.

Maduro says that beneath a peaceful facade, the protests are little more than opposition efforts to foment a coup to end socialism in Venezuela. The South American country has recently been hit by food scarcities, soaring inflation and street protests calling for the removal of president Nicolas Maduro and his leftist government.

On Thursday, Maduro said the opposition was ready to begin a political dialogue, which his opponents denied. The government last year abruptly postponed regional elections the opposition was heavily favoured to win and cut off a petition drive to force a referendum seeking Maduro's removal before elections late next year.

This comes days after government detained two protesters, Alejandro Sanchez and his brother Jose, who confessed that lawmakers of the Justice First opposition party gave sums of money to demonstrators to foment violence during the marches.

But the government has not backed down. "We leave our homes with a lot of strength and a lot of faith because protesting is a constitutional and universal right".

As tensions mount, the government is using its almost-complete control of Venezuela's institutions to pursue its opponents.

Foreign governments are also warning about the increasingly bellicose rhetoric coming from the government.

In Washington, the State Department said in a statement that it was reviewing details of the factory seizure and called on Venezuelan authorities to resolve the case "rapidly and transparently".

GM isn't the only company affected by Venezuela's deteriorating economy.

Recommended News

  • Rashford steers Man United into Europa League semifinals

    Nobody else is fresh to play! "It will be the flawless end to the season", Mourinho, who took over at United last May, told British media.
    Sergio Ramos Claps Back After Gerard Pique Flames Real Madrid

    Sergio Ramos Claps Back After Gerard Pique Flames Real Madrid

    Barcelona defender Gerard Pique confessed Juventus "played better over the two legs and can win the Champions League this season". As for Real Madrid, a calf injury could prevent Gareth Bale from playing on Sunday.
    Q2 Weather: Rain likely Friday

    Q2 Weather: Rain likely Friday

    Wednesday we warm even more to the mid/ upper 80s with sunny skies and winds from the south at 10-20 miles per hour . What to know: Mostly sunny Friday (April 21), according to a forecast from the National Weather Service .
  • Tesla recalling 53000 vehicles worldwide for brake problem

    Tesla recalling 53000 vehicles worldwide for brake problem

    There may be various price targets for a stock. (NASDAQ: TSLA ) have set a consensus target of $251.916 on shares. American automaker Tesla is making plans for an additional two or three more factories in the years ahead.

    Bill O'Reilly to receive maximum of one year salary

    Cooper asked the representative. "I don't want to be a jerk, but it sounds like you experienced something", he remarked. He obviously could not sustain relationships. "It is unconscionable that he would allow himself to end up like this.
    Trump signs executive order reviewing H-1B visa program

    Trump signs executive order reviewing H-1B visa program

    It's part of the administration's " buy American, hire American" efforts, and it could have a pretty significant impact on Texas. The order, which Trump signed after delivering his remarks , looks to bolster protections for certain American-made goods.
  • Messi eyeing 500 as Barca bid to reignite season in Clasico

    Messi eyeing 500 as Barca bid to reignite season in Clasico

    It will be as special as ever and it's a marvelous stimulus: a key game against the leader, a direct opponent. El Clasico always has an impact on the La Liga title race, but the intrigue goes far beyond that.

    Man Utd 'in trouble' with injuries - Mourinho

    Mourinho also commented specifically on the injuries to his central defenders: "It is time for Jones & Smalling to be fearless & to risk".
    Bernie Sanders to call for 'political revolution' in Miami today

    Bernie Sanders to call for 'political revolution' in Miami today

    Not all in the crowd were pleased with the partnership of Sanders and the DNC - even booing the name of DNC chair Tom Perez. The 40-year-old Atlanta-area activist in the Black Lives Matter movement volunteered for Sanders' campaign last year.
  • Juventus knock FC Barcelona out of Champions League

    Juventus knock FC Barcelona out of Champions League

    Luis Enrique's side lost 3-0 to Juve on aggregate in the quarter-finals after Wednesday's second leg at Camp Nou ended in a 0-0 draw.

    Champions League: Ronaldo always make the difference, beams Zidane

    The Bavarians cancelled out their 2-1 quarter-final first- leg defeat to take the game to extra time in Madrid . He had a few shots but you nearly bank on him to score. "I don't think there is a category for him", he said.
    Democrats Turn on Ossoff

    Democrats Turn on Ossoff

    The election is being held to fill the seat previously held by Tom Price , who is now the secretary of health and human services. President Donald Trump said he was "glad to be of help" after a Democrat failed to win 50% of the vote in a Georgia election.

We are pleased to provide this opportunity to share information, experiences and observations about what's in the news.
Some of the comments may be reprinted elsewhere in the site or in the newspaper.
Thank you for taking the time to offer your thoughts.