General Motors says Venezuela illegally seizes auto plant

The seizure comes amid a deepening economic crisis

General Motors said on Wednesday that Venezuelan authorities had illegally seized its plant in the industrial hub of Valencia and vowed to “take all legal actions” to defend its rights.

The seizure comes amid a deepening economic crisis in leftist-led Venezuela that has already roiled many US companies.

http://www.moneycontrol.com…  Thu.,  20 April 2017