Venezuela just declared war on the American automotive industry after their government nationalized a General Motors plant in the country.
According to Breitbart, a GM plant in Valenica was seized by the Venezuelan government. As a result, GM has ordered their workers not to report to work, their suppliers to stop shipping goods to the plant, and is planning to sue the Venezuelan government.
GM issued a statement, calling the actions “improper, absurd, outside of legal logic and due process.”
“Yesterday, GMV’s (General Motors Venezolana) plant was unexpectedly taken by the public authorities, preventing normal operations. In addition, other assets of the company, such as vehicles, have been illegally taken from its facilities,” read a statement from the manufacturer, according to Reuters.
“(GM) strongly rejects the arbitrary measures taken by the authorities and will vigorously take all legal actions, within and outside of Venezuela, to defend its rights,” the statement added, according to CNN.
Venezuela has been in a state of chaos over the last few weeks, seeing many citizens arming themselves and taking to the streets to protest their corrupt government.
Regardless of whether GM is a big company or not, a foreign government shouldn’t be able to seize all of their assets if they are following the laws and creating jobs in some of the most decrepit countries in the world.