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Venezuela’s Chavez threatens to kick out carmakers

10 hours ago ago from My Blog

Venezuela's President Hugo Chavez has told car companies they must share their technology with local businesses or leave the country. Mr Chavez gave the ultimatum to Toyota, Ford, General Motors and Fiat during a public address. If the demand isn't met, he said: I invite you to pack up your belongings and leave. I'll bring in the Russians, the Belorusians, the Chinese. Venezuela has nationalised most of the oil, metal and coffee ...

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Venezuela: Hugo’s Public Option – Investors.com

15 hours ago ago from HACER Latin American News

One might be tempted to think there's no comparison between Democrats' health care overhaul and Hugo Chavez's orgy of class warfare on Venezuela's private sector. But consider Chavez's new public eateries. Last week, Venezuela's Hugo Chavez announced he would start a chain of government-run to sell arepas — filled white-corn patties, similar to tacos — at state prices. Slinging hash at a grand opening in Caracas, Chavez announced ...

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Chavez threatens to expel Toyota

20 hours ago ago from Al-Darb Diya

Venezuelan President Hugo Chavez has warned that he may expel Japanese carmaker Toyota unless it produces an all-terrain model suitable for poor and rural areas. In a speech late on Wednesday, Chavez also said that he would not hesitate to expel and expropriate plants from other Asian and US automobile companies operating in Venezuela should they fail to share the technology with the locals. "What's this that Toyota doesn't want to make ...

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