FEATURE-First oil, now auto crisis in Venezuela

Newswire

By Ana Isabel Martinez CARACAS, Venezuela, March 20 (Reuters) - Gleaming in showroom display windows across Venezuela, thousands of new cars are awaiting a buyer. But many will go unsold. Battered by last year's 9 percent slide in the oil-rich nation's economy, Venezuela's automobile industry is bracing for plummeting sales after a two-month political opposition strike pushed the country even deeper into recession. Industry representatives are forecasting a 30 percent decline in sales ...

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