Stay Classy, Venezuela

Robert Farago
by Robert Farago

Reuters reports that gunmen shot and killed a union leader at Toyota Motor Corp.’s Venezuelan unit on Tuesday, a few weeks after the Japanese automaker said it might leave the country because of chronic labor problems. “Labor disputes and strikes have become frequent in Venezuela. In January, two workers were shot to death as police broke up a protest at a vehicle assembly plant for Japan’s Mitsubishi Motors Corp. and South Korea’s Hyundai Motor Co.”

Robert Farago
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  • Kurt. Kurt. on May 08, 2009

    5 cents a liter... Hugo's a dick but he stood up to Bush and at 5 cents a liter, I might even be able to afford to drive my Stingray. Do the cops in Caracas still ride GoPeds?

  • Stingray Stingray on May 08, 2009

    Don't know what a GoPed is... They usually have Yamaha all terrain motorcycles. And some police departments here use LUV Dmax or Optras for patrols. Also Corollas. And the national guard uses mostly FJ70s... but the one that is for passengers. Those wheels in the picture are for tube type tyres, and I've heard locally that the ring that locks the tyre goes off easily, so users change the assembly for tubeless wheels and tires. @chuckgoolsbe: it nearly arrived in 04/11/02, but the people that did it was brutishly stupid. I don't see such action coming anywhere soon. By the way, socialism SUCKS. I've read in many sites the gringos whinning about that, but you really, really don't have an idea. To the FJ70 lovers: you can get one in Aussiesland, Japan and some other countries. GS650G : I’m surprised any companies are left in Hugoland. Since he helped himself to so many foreign operations you would think it was time to get out while you can. There are still a lot... but if you are in the food, energy, minerals or other "strategic" industry (for the government)... pon tus barbas en remojo.

  • GS650G GS650G on May 08, 2009

    I think any company still making money is ripe for being taken over down there. Who is going to tell Uncle Hugo no?

  • Stingray Stingray on May 08, 2009
    GS650G : I think any company still making money is ripe for being taken over down there. Who is going to tell Uncle Hugo no? You can tell him no... but... you will have the military at your door in no time. Any company... as yet, I don't think so. Before "nationalizing" a company, he appeals to the usual populist "reasons": sovereignty, strategic, mother f@#$%& capitalist exploiting poor workers and so on. Prime candidates, as I said before are: food related (factory or land), oil related, metals, energy, communications, TV (in which case it gets closed), Radio (same as TV), banks... Auto industry is not "attractive" right now. A factory that produces pens for example, is not a strong candidate, unless it goes bankrupt or becomes for some obscure reason strategic.
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