Login Register Subscribe
Current Issue

Venezuela seizes General Motors' factory after local court issues embargo

Reprints

Venezuela has seized U.S.-based automaker General Motors Co.'s local factory amid an almost 20-year old lawsuit brought by a former GM dealership in the country, CTVNews.ca reported. The factory was seized after a court notification was issued ordering an embargo of GM's plant, bank accounts and other assets in the country. The dealership had been seeking around $665 million worth of damages from GM.

Read more.