Ford halts production in Venezuela

Ford (F) says it has halted production in Venezuela due to harsh currency controls from the government which limit the ability of it to buy parts for assembly.

Earlier this year, Toyota stopped its operations in the region for the same reason.

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Comments (3)
  • The Retired one
    , contributor
    Comments (185) | Send Message
    Ford has already sent approximately 400 million in parts to The Venezuela .
    They will soon realise that with General Motors (GM.N), Mitsubishi (7211.T), and Fiat Chrysler (FIA.MI) also have assembly plants in Venezuela.
    Venezuela is playing the poor little spoiled boy game they'll pay and play if they want to be part of the world community.
    6 May 2014, 11:11 AM Reply Like
  • bibol11
    , contributor
    Comments (293) | Send Message
    Sometimes when you work with socialist countries you get burned.
    6 May 2014, 04:29 PM Reply Like
  • Engineer&Far
    , contributor
    Comments (168) | Send Message
    Another example of Socialist control freaks practicing class warfare. Without a revolution, the Bus Driver will be slaughtering all opposition soon...Stalinesque?
    7 May 2014, 11:00 AM Reply Like
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