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Breaking News: GM Plant in Venezuala Overthrown By Military...Assets Seized.

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Old 04-20-2017, 11:41 PM   #101
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Originally Posted by Lee C View Post
Hold still for a moment would ya.....

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Old 04-20-2017, 11:50 PM   #102
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Hold still for a moment would ya.....

Rough FOUR play up there.
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Old 04-20-2017, 11:58 PM   #103
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Maybe they will make Chevy look-alikes

Like Russia did
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Old 04-21-2017, 12:15 AM   #104
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Quote:
Originally Posted by village idiot View Post
I'm really glad you're not president.

This is real bad news for their economy in the long run anyway. You think anyone is getting their checkbook ready to invest there? Why do you think so many people invest in the US during global instability? Because while we're expensive, we're not going to nationalize your ****.
Seems to work for China. They've done that same **** to Mercedes, among others.
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Old 04-21-2017, 01:35 AM   #105
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Quote:
Originally Posted by Slo Yelo C5 View Post
This is my guess...

The State Department will contact Venezuela and give them, say, 3 days to give GM their plant and vehicles back, as well as pay "reasonable" fees for the inconvenience. Venezuela will ignore the directive. Venezuela will be added to the list of countries banned from doing business with the US. Venezuela will continue going down the ******* until a civil war breaks out in the next 2-3 months. Watch.


Maybe I'm just cautious, but I would not even buy land, in a foreign country, for fear of losing it.

As far as GM, I find it hard to have sympathy for them, sending US jobs to $hithole Venezuela.
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Old 04-21-2017, 01:39 AM   #106
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In the late 60's my cousins opened a Pancake House type restaurant in the Bahamas. They had to obtain govt. "worker permits" to do this.

Once the business was up and making money, the Bahama govt. refused to renew their worker permits, thus they sold the business at a loss. I heard this plot happened often.
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Old 04-21-2017, 02:31 AM   #107
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"GM said it was "confident that justice will eventually be served and looks forward to continue leading the Venezuelan market."


Idiots.
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Old 04-21-2017, 11:42 AM   #108
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Quote:
Originally Posted by Tennis & Golf Nut View Post
Lots of Irons in the Fire for Trump:

North Korea

China/Trade

Iran

Syria/***ad

Russia

O'Bamacare

Taxes

Infrastructure

Immigration/Wall

Chicago Gangs

Social Security

Schumer & Pelosi Conspiring to take down POTUS

Liberal Jagoffs not giving Trump one day to Fix what O'Bama screwed up for 8 F'n years.

At this point, it's starting to feel like a "Lame Duck" session. Congratulations Libtards at destroying this country.

And for all this, he takes No Salary and Half the ***** in this country don't appreciate what he's doing.

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Old 04-21-2017, 11:50 AM   #109
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Quote:
Originally Posted by Tennis & Golf Nut View Post
Lots of Irons in the Fire for Trump:

North Korea

China/Trade

Iran

Syria/***ad

Russia

O'Bamacare

Taxes

Infrastructure

Immigration/Wall

Chicago Gangs

Social Security

Schumer & Pelosi Conspiring to take down POTUS

Liberal Jagoffs not giving Trump one day to Fix what O'Bama screwed up for 8 F'n years.

At this point, it's starting to feel like a "Lame Duck" session. Congratulations Libtards at destroying this country.

And for all this, he takes No Salary and Half the ***** in this country don't appreciate what he's doing.
All of that **** was leftovers from Obama's rein. Not much support either, except from us.
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Old 04-21-2017, 11:53 AM   #110
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Quote:
Originally Posted by Tuco View Post
"GM said it was "confident that justice will eventually be served and looks forward to continue leading the Venezuelan market."


Idiots.
After the Revolution that's coming.
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Old 04-21-2017, 11:57 AM   #111
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Russia's fault ... Putin's fault ... Trump's fault!
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Old 04-21-2017, 11:59 AM   #112
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Quote:
Originally Posted by 69er View Post
Who is buying new cars in Venezuela?
Government officials of course.

That's how marxism/socialism/communism works.

"From each according to ability, to each according to need."

Government officials of course, being who determines ability and need.
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Old 04-21-2017, 12:53 PM   #113
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Default 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.


(Excerpt) Read more at finance.yahoo.com ...

If only they had used Bernie style socialism instead of every other form of socialism ever tried, there would be a non stop cumbaya-athon right now!
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Old 04-21-2017, 12:55 PM   #114
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Quote:
Originally Posted by Swany00 View Post
you remember those days?
Not back that far, but a good part of the way!
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Old 04-21-2017, 01:13 PM   #115
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Quote:
Originally Posted by 69er View Post
Who is buying new cars in Venezuela?
No one. The plant only produced 240 vehicles in the first two months of 2017 due to the inability to import needed parts for years because of Venezuela's currency controls. Under normal circumstances, about 20,000 cars are produced a month by all manufacturers. In the meantime GM had to continue paying salaries for the 2700 employees.

Gm said the seizure was triggered by a Provincial court embargo in favor of a former local dealer who sued the company for $370 million in a contract dispute.

According to the WSJ, the seizure has nothing to do with the Venezuelan state.
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Old 04-21-2017, 02:16 PM   #116
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They have been "nationalizing" foreign assets for years, I feel no sorrow for any one who invests in these **** hole countries.
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Old 04-21-2017, 02:18 PM   #117
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Originally Posted by tiojames View Post
They have been "nationalizing" foreign assets for years, I feel no sorrow for any one who invests in these **** hole countries.
Saved me some typing. Why the hell would any responsible company want to be there in the first place? No sympathy from me.

Last edited by VETTRLZ; 04-21-2017 at 02:18 PM.
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Old 04-21-2017, 02:49 PM   #118
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Old 04-21-2017, 03:30 PM   #119
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Sean Penn, Michael Moore, Oliver Stone, will be proud.
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Old 04-21-2017, 05:25 PM   #120
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The timing is interesting.
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