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.
Luke Peterson
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.
Nathan Hall
serves them right, let this be a lesson to the auto making jew to stop doing that
Christian Young
This is the gibs grab GM deserves
Andrew Rogers
Trump should nuke Venezuela tbh.
Jaxon Powell
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!"
Gabriel Martinez
Corporate Wars with privately funded militaries when?
Nathaniel Nguyen
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 :^)
Lucas Perez
It's time for GM to hire PMC and take down Venezuelan army
MAKE MERCENARY SECTOR GREAT AGAIN
Sebastian Morales
To be fair it isn't real Socialism, real Socialism is National This is Commie shit
James Bell
this also
Ryan Miller
...
Oliver Scott
Get fucked GM.
Brandon Morgan
But I thought Venbezuela was not true socialism™
Charles Ramirez
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.
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.
Benjamin Green
Heil'd
Alexander James
HAHAH
TRUMP GAVE YOU KIKES THE CHANCE TO BRING THE MONEY BACK AND NOW ITS GONE. GET REKT
Chase Brooks
Good, it's what GM gets for ending Oldsmobile!
John Fisher
Nah.. make a spectacle of it.
Phase 1
Phase 2
Phase 3
Landon Gutierrez
*tsk tsk* should have built american.
Grayson Parker
Checked.
Adrian Russell
Fuck off, kike.
Nathaniel Gray
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!
Hunter Lopez
we need to do this in white countries to foreign businesses throw out the pakis, pajeets and just take them over
Christopher Rogers
Should've built the factor in a white country like Argentina.
Nolan Peterson
k That 1% population that's left of pure white european blood isn't going to do jack shit.
Kayden Allen
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.
Jayden Cook
(czech'd) Trips of truth in believing a bunch of outsourcing, un-American pigs deserve zero sympathy.
Aaron Morgan
Good. That'll teach them to not do business with socialists. America first kikes.
Aiden Clark
90s Cherokees are god-tier vehicles. So fun to drive.
Jackson Reed
Is that from halfchan? Why is the video/audio so low-quality?
Wyatt Gomez
It's from 2005 or some shit, was posted after posted and then i saved it. It's called data degradation.
John Martinez
The term you're looking for is rotational velocidensity.
Daniel Murphy
Why not Michigan?
Jaxon Reyes
BUY AMERICAN HIRE AMERICAN
Jose Thompson
...
John Lewis
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.
Aiden Hernandez
Michigan (detroit) is all dindus and religion of peacers.
Aiden Bell
Implying i wouldn't fill it with garbage exfill data. Come on son.
Robert King
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.
Sebastian Morales
My eternal nigga.
Jack Martin
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.
William Foster
Checked. mp4 Leaves out NoKo though?
Brody Thomas
RT just sent a notification there's a major chimp out there. About to look for streams..
Jack Anderson
They have plants in several countries, though I think mostly European companies manufacture/assemble in Argentina
Jacob Evans
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 roadandtrack.com/car-culture/buying-maintenance/news/a30437/nissan-b13-sentra-cancelled/
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
James Davis
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.
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.
Hunter Ortiz
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.
Nolan King
garbage
Isaac Myers
That 94 cherokee looks so /comfy/
Benjamin Powell
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 carscoops.com/2015/01/ford-reportedly-killing-its-v8-engines.html
Elijah Gutierrez
palestine was at the very end
Caleb Jones
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.
Liam Lewis
Don't worry, it's (((insured)))
Parker Smith
Venezuela plans to restart the plant immediately. This will be the first indigenously produced Venezuelan car by Venezuelan workers.
Samuel Rodriguez
you're right thanks
Andrew Cruz
Kek
Andrew Flores
that thing's pretty cute.
Isaac Anderson
Another genius move that will surely be of great benefit to all the workers of Venezuela.
Do they actually think they will get anywhere with this?
Parker Perry
Hopefully they don't cuck the Wrangler with the JL. Every generation has been more capable then the last.
Bentley Cox
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.
Mason Ross
only a fukin moron says somethin like that u fucking idiot fucking piece of shit nigger fucker
Chase Bennett
kill yourself
Alexander Miller
Indeed. But I'm rooting for them to now make even more money by charging absurd amounts for necessary materials and technologies for maintenance.
Carter Green
And liberals continue to ignore this
Elijah Lopez
Yep, they betrayed the nation that made them great to go to wonderful diverse and progressive utopia. They deserve to lose everything.
Landon Allen
wew 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". Fucking REEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEE At least the Wrangler still looks almost like a real vehicle, but god fucking damn did they gay up the rest of their line.
Logan Foster
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.
Julian Anderson
Forgot to mention factory British made AP Racing (bremboniggers BTFO), magnetic shocks, vectoring and the rest.
Landon Adams
PIC FUCKING RELATED THIS IS SOME SHIT
Caleb Garcia
Holy fuck it looks like a riced out nissan cube which are for built for disabled people.
Brayden Sanchez
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.
Jackson Cox
Korea at 0:56, both sides have tried it.
Tyler Diaz
And not a single fuck was given, that day.
Cameron Russell
oh wow guys offshoring works
Isaac Nguyen
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.
Sounds jewish.
Jason Butler
good. fuck GM. that's what it gets for opening a factory in an unstable country just to get cheap labor.
Charles Long
...
Logan Baker
I must say, that '94 Cherokee looks really good.
Kayden Reyes
...
David Ross
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
Jacob Roberts
GM should hire mercenaries to reclaim their property.
Brandon Mitchell
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.
Brody Sanchez
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.
Leo Jackson
butthurt burger
Sebastian Richardson
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
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)