Dec
24
24
Chavez Gives An Ultimatum To Kick Out Toyota, Ford & General Motors
Now that’s what I call being bold and in the face. Hugo Chavez, Venezuela’s President as ordered car manufacturing giants including Toyota, Ford and General Motors in a public address that if they don’t fulfill the demand, they will be kicked out of the market.
He further stated that he will kick these giants out and bring in the Chinese, Russians and the Belorusians making is statement stronger. Although their would definitely be something that is stopping the car manufacturers overall productivity, and one of those things is stated as the currency controls in Venezuela that is restricting the imports. The car makers have not responded yet.
Although its a very bold statement by Chavez, but who do you think is right in this case? Any views?
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