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International

Venezuela seizes General Motors' factory after local court issues embargo

April 21, 2017 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.

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Venezuela seizes General Motors' factory after local court issues embargo

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