GM Wants To Double Its Output – In Venezuela

This makes Hugo Chavez happy: GM wants to more than double its production in the Caribbean worker's paradise of Venezuela. At least that's what Chavez told Reuters: "Asked to provide journalists with the details, Venezuela's Industry Minister Ricardo Menendez said GM planned to increase its production of cars in the country to 120,000 units per year, up from almost 50,000 now." The minister claims that GM furthermore plans to use Venezuela as a production and export hub for auto parts, to be used in Venezuela "and for export to neighboring Brazil and the Caribbean." We would know a Caribbean island that needs parts badly. Chatty Chavez added that Renault also is interested in building cars had also expressed an interest in building cars in the oil-rich nation. from The Truth About Cars http://www.thetruthaboutcars.com

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