OH BOY HERE WE GO
General Motors (GM.N) 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 U.S. companies.
"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," the company said in a statement.
It is Chile´s 1973 all over again, but this time the army is on the socialist side.
A Communist government nationalizes a foreign factory? Huh. Go figure.
Seriously stop propping up these retarded governments and risking losing a ton of shit just because you want dirt-cheap labor.
>building a plant there in the first place
serves them right, let this be a lesson to the auto making jew to stop doing that
>building anything in commieland
This is the gibs grab GM deserves
Trump should nuke Venezuela tbh.
nah, let it be a testament of the stupidity of communism.
but I doubt that'll wont catch with the public cause they'll harp "That's not real socialism!"
Corporate Wars with privately funded militaries when?
They are selling everything off. Shitskins won't know how to run an assembly line. All the equipment inside the factory will probably be sold off or scrapped if there are no buyers. The people who knew how to run it all are probably long gone, and now any car that still works will probably be used by venezhuelan goons to harass the peasantry.Atleast it's not real socialism :^)
It's time for GM to hire PMC and take down Venezuelan army
MAKE MERCENARY SECTOR GREAT AGAIN
To be fair it isn't real Socialism, real Socialism is National
This is Commie shit
>why couldnt it be a ford plant
>get fucked by the very country you ran to because muh shekels
>get fucked to oblivion by the country you're manufacturing for because tariffs
Get fucked GM.
>Nationalising large foreign businesses
But I thought Venbezuela was not true socialism™
>thinking GeneralShitters is better than Ford
I agree that basically after the 90's Ford trucks went to ass. I fucking hate how gargantuan and unnecessarily expensive trucks have become, not to mention all the normalfag shit that has plauged all cars in recent years. Like more safety features that turns the trucks into mini-school busses, computerized hackable garbage everywhere, and cheap plastic parts.
I'll never drive anything post-2000.
>pic related obviously not Ford but I created it to demonstrate how a once great offroader gets turned into a normalfag mall-crawler.
The top in pic related is mine, and yes it has costed me quite some cash in repairs but I'd take it anyday over the "minivan with 4wd" at the bottom.
TRUMP GAVE YOU KIKES THE CHANCE TO BRING THE MONEY BACK AND NOW ITS GONE. GET REKT
Good, it's what GM gets for ending Oldsmobile!
Nah.. make a spectacle of it.
> the entire A-10 fleet flies in almost wing to wing giving brrrrrrrrrrrrrrts like they are playing jungle strike
>spectre gunship strike
>send up all of the spectres, they cant come home until their ammo is depleted
>what happens when 2 moabs are detonated 100 meters from each other?
should have built american.
GM will simply stop sending their materials to that shithole, they might have stored raw materials on-site that could last a few months of slow pace production and then there will be no more money to make.
This is a act of a desperate government, while millions are protesting across the country.
GM will sue the government through third party lawyers and not continue operating the plant itself. Ultimately, the hundreds if not thousands of workers at the plant lose their jobs.
Marxian Socialism, not even once!
we need to do this in white countries to foreign businesses throw out the pakis, pajeets and just take them over
Should've built the factor in a white country like Argentina.
That 1% population that's left of pure white european blood isn't going to do jack shit.
If multinationals want to send factories to 3rd world countries to save shekels then they can damn well accept the risks.
Honestly we should encourage more 3rd world shitholes to do things like this.
Good. That'll teach them to not do business with socialists. America first kikes.
90s Cherokees are god-tier vehicles. So fun to drive.
Is that from halfchan? Why is the video/audio so low-quality?
It's from 2005 or some shit, was posted after posted and then i saved it. It's called data degradation.
The term you're looking for is rotational velocidensity.
Why not Michigan?
>the metadata says it uses a relatively recent LAVF codec
no no he's right. communism is the jew's socialism. the only good socialism is natsoc matched with a fascist iron hand on culture so the jew can't fuck it up.
Michigan (detroit) is all dindus and religion of peacers.
Implying i wouldn't fill it with garbage exfill data. Come on son.
If this had happened in 2009 it would've been an attack on the US treasury, since GM was owned by the Feds after the crooked financial bailout. Today it is crooked Warren Buffett and some other politically connected cronies who own GM, so it's still just a matter of time before US bombs rain down on Venezuela.
My eternal nigga.
There was a strike or something there too. My guess is the government took over to buy goodwill with the strikers. Maduro would be better off if he started using an ouija board to make decisions, at least he'd be right half the time instead of never.
GM will have to wait a few years for the Maduro government to fall, and will get the plant back. Until then, not much they can do. Not like they're making many sales now I'd guess.
Venezuela has (well, had years ago) a good GDP for the region. Their gas is dirt cheap, so they probably used to purchase lots of cars when the plant was built. GM had no way to know they'd be retarded year after year later on.
mp4 Leaves out NoKo though?
RT just sent a notification there's a major chimp out there. About to look for streams..
They have plants in several countries, though I think mostly European companies manufacture/assemble in Argentina
These were factories for cars produced for the domestic Venezuelan market, not for export to the US you colossal morons
It wouldn't be feasible to export US built cars to third world markets since they're too expensive and would be unable to compete with Chinese/Japanese and other domestically built cars, also third world cars are typically "knock down kits" or older models that have less features than contemporary first world models
For example the B13 Nissan Sentra was sold in Mexico until only a few months ago, which for reference started selling in the US and Japan during 1990-1991
The Jeep/AMC 4.0 Straight Six is a reliable engine and the Cherokees are nice but Dodge/Chrysler/Jeep will never be as good as GM again due to the glory of the GM LS V8 engines, although they can certainly be improved by replacing the factory Jeep engine with a LS
It's ok. All we have to do is take social security away from the elderly and give it to the GM jews. Was it stupid to gamble on shitskin slavery again? Yes. Does that mean jews should lose money? Of course not.
YouTube embed. Click thumbnail to play.
Ford and Chrysler accepted government loans as well during the same time and Ford is actually the only one who still owes money
Most other car companies have Jewish practices as well, especially BMW and Mercedes, Mercedes used biodegradable wiring in the 90s even after it was already known to be problematic and BMW has started removing the dipsticks to check oil on cars which means you have to rely on electronic guages and have to take it to a dealership for a oil change every time
> Ford is actually the only one who still owes money
or was the last to repay rather*
The Ford loan was part of a government incentive to develop electric and hybrid cars. It wasn't a loan to keep their business afloat unlike those provided to GM and Chrysler. That's a terrible misinterpretation.
>Opening a factory on foreign soil for cheap labor meanwhile propping up the nation of another race
They deserved it tbh, this is letting them off easy–public beheading and the mass rape of their families is what these corporate traitors have really earned.
That 94 cherokee looks so /comfy/
Wheres the misinterpretation? Them receiving a loan which very well did keep the company afloat and taking longer to repay than GM and Chrysler did is unrelated to the fact that one of the reasons for the loan was claimed to be incentive for more low emissions vehicles, which also was part of the stipulations on the loans to GM and Chrysler.
Not to mention that Ford has been particularly discouraging of the enthusiast market compared to GM and Chrysler, Ford is even going as far as killing off V8s and has already done so with the Ford GT while the Mustang and F-150 will be next and at one point was set to be discontinued after the end of 2017 before they backpedaled due to people complaining
palestine was at the very end
Nah. The government and the military are deeply together in this.
They military receives salary raises on a monthly basis, free vehicles, food, immunity and free reign to squeeze money from citizens, first access to imported goods (to resell them later) and now they have an 'independent' oil industry with no government oversight so 'they can support themselves'.
Also, the opposition's most prominent figure, Capriles (((Radonski))) is a goddamn kike.
This is no military coup this time. Only a nuke would cleanse that shit.
Don't worry, it's (((insured)))
Venezuela plans to restart the plant immediately. This will be the first indigenously produced Venezuelan car by Venezuelan workers.
you're right thanks
>Maduro would be better off if he started using an ouija board to make decisions, at least he'd be right half the time instead of never.
that thing's pretty cute.
Another genius move that will surely be of great benefit to all the workers of Venezuela.
>Detroit — General Motors has stopped doing business in Venezuela after authorities took control of a factory in what GM called an illegal judicial seizure of its assets. GM has about 2,700 workers in the troubled country, where it’s been the market leader for over 35 years. It also has 79 dealers that employ 3,900 people, and its parts suppliers make up more than half of Venezuela’s auto parts market, the company said. if the government permits it, workers will get separation benefits “arising from the termination of employment relationships due to causes beyond the parties’ control,” the GM statement said. Dealers will continue to service vehicles and provide parts, the company said. Companies have been cutting operations in Venezuela as a result of runaway inflation and strict currency controls. Last May, tire maker Bridgestone sold its business there after six decades of operating in the country.
>vowed to "take all legal actions" to defend its rights.
Do they actually think they will get anywhere with this?
Hopefully they don't cuck the Wrangler with the JL. Every generation has been more capable then the last.
Not gonna lie, owning a Trabant is on my bucket list. They are so terrible, but have so much character.
The fact that they're sporting a two stroke is top kek tier.
only a fukin moron says somethin like that u fucking idiot fucking piece of shit nigger fucker
>not knowing what real socialism is
>going on /pol/
But I'm rooting for them to now make even more money by charging absurd amounts for necessary materials and technologies for maintenance.
And liberals continue to ignore this
Yep, they betrayed the nation that made them great to go to wonderful diverse and progressive utopia. They deserve to lose everything.
It's not like those commie spics deserved those mediocre vehicles anyway, even if GM is slightly better than nuFord despite that advantage being negated by onstar.
How about that Ford and Dodge oops I mean RAM because retarded brand splits that make WWE pretending Smackdown and RAW are different companies look slightly less pointless dropping out of the small truck market, GM turning their "small" trucks into homofaggotual SUVs with miniature truck beds, and the only small trucks still made being foreign garbage? But at least the F150 line stayed decent through 2003, before 2004 started their trend of "make the f150 fuckhuge and retarded looking".
At least the Wrangler still looks almost like a real vehicle, but god fucking damn did they gay up the rest of their line.
The rest of the world mostly does just fine with those 'minature truck beds'. They're called utes you faggot. Ever heard of the non-pozzed non-USDM Hilux? It's legendary for a reason.
Aussies and Kiwis know what's up.
>You can actually park them in normal carpark spaces and they handle okay.
>picrelated is fastest production ute in the world
>has LSA + TR6060
Forgot to mention factory British made AP Racing (bremboniggers BTFO), magnetic shocks, vectoring and the rest.
>At least the Wrangler still looks almost like a real vehicle, but god fucking damn did they gay up the rest of their line.
PIC FUCKING RELATED
THIS IS SOME SHIT
Holy fuck it looks like a riced out nissan cube which are for built for disabled people.
>inb4 fat-o-pottamuses drive these
You guys realize Chrysler is owned by Fiat now right? Of course they're going to slowly start looking less and less American. Half of the line soon gonna be derived from Fiat platforms.
Korea at 0:56, both sides have tried it.
>American car company turns traitor against American workers, opens factory offshore
>traitorous car company loses factory to offshore government
And not a single fuck was given, that day.
oh wow guys offshoring works
>muh rest of the world
Who gives a shit about inferiors? :^)
Have fun not being able to actually use the bed of your truck to haul shit. Real men buy trucks with beds you can put ATVs, firewood, tools, vehicle parts, etc. in, not some little meme box you slap a cover on so you can go get groceries and cover them up while your wife and wife's boyfriend are having fun in bed with a livestreaming setup.
That abomination of a "truck" is ugly as fuck.
IT'S NOT EVEN A TRUCK IT'S A TWO SEATER CAR WITH AN ELONGATED NOSE AND A USELESS VERSION OF THE BACK OF A MINIATURE STATION WAGON REEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEE
A prime example of the feminization of modern culture.
good. fuck GM. that's what it gets for opening a factory in an unstable country just to get cheap labor.
>What is local production
>What are regulations that stipulate a percentage of vehicle materials/parts must be sourced locally
I must say, that '94 Cherokee looks really good.
>hating on el caminos
>thinking a small truck can't handle your example loads (NISSAN D21 BABY)
russia backs venezuela, so rt does as well, you'll have biased news about venezuela from them. I'm not telling you to not use them, just to bear it in mind while you do
the factory is old
GM should hire mercenaries to reclaim their property.
So, how can we make money off this. Obviously Venezuela's socialist government is now a full blown communist government, and that means it will collapse with full blown capital flight. Everyone else knows they are next, the oil was one thing, but car factories? They are fucking done.
I just dont know, what can you short? I guess GM lol. Little late for that.
The mistake was having a plant in a country which had already nationalized its oil industry, and had been rapidly collapsing ever since. Any company who is still in there deserves what they get.
That memeball shows you have no idea about comunism, the idea is to get a comunist world just as we have a capitalist world right now, obviously a single country can't succeed
i'm not defending it, just explaining it
I dont think anyone ever told Maduro that, lol.
Ayn Rand was right again!
By Corina Pons | CARACAS
General Motors' (GM.N) Venezuelan subsidiary has sent a message to almost 2,700 staff informing them that they are no longer employed by the company and had received severance pay in their bank accounts, according to two employees.
A Venezuelan court last week ordered the seizure of the company's Valencia plant, ruling in favor of two dealers that had filed a case in 2000 against the subsidiary on grounds they had not complied with an agreed sale of 10,000 vehicles.
Workers say that before the seizure was announced, GM had been dismantling the plant, which has not produced a car since the beginning of 2016 because of shortages of parts and strict currency controls in the OPEC nation.
The seizure, which GM called "illegal," comes amid a deepening economic and social crisis in leftist-led Venezuela that has already roiled many U.S. companies.
"We all received a payment and a text message," said a worker who had worked for the company for more than a decade, adding that his corporate email account had been deactivated over the weekend.
"Our former bosses told us the executives left and we were all fired. There is no longer anyone in the country," added another employee who received the same message on his personal cell phone and a payment to his account. He had been at GM for five years.
The company did not immediately respond to a request for comment about the layoffs or the worker allegations it had already been dismantling the plant.
GM said last week that it was halting operations and laying off workers due to the "illegal judicial seizure of its assets."
'SHOW YOUR FACE'
The leftist government of (((Nicolas Maduro))) says it is not seeking to expropriate the plant, which has been operating for 35 years, and has called on GM to come back.
"To the current General Motors president of Venezuela, Jose Cavaileri: You come here, show your face and share with us the options to restore normality," said Labor Minister Francisco Torrealba said Monday.
GM is not the first company to fire Venezuela employees by text message. Clorox (CLX.N) did the same two years ago when announcing its exit from the crisis-struck country, after which workers took over the plant.
GM's plant closure comes after Venezuela's automobile production fell in 2016 to a record low of eight cars per day, according to a local automotive group.
Two union spokespeople said they had no official company information on the layoffs, but said that most workers received the messages along with a bank deposit.
Neither employee would reveal the amount they received but union leaders said it was too low.
(Writing by Girish Gupta; Editing by Alexandra Ulmer and Nick Zieminski)