INTERVIEW-Venezuela auto industry going through hard times

Newswire

By Tomas Sarmiento CARACAS, Aug 30 (Reuters) - Automobile sales in Venezuela, traditionally a buoyant market, could fall by 35 percent this year due to political instability and the economic recession gripping the world's fifth largest oil exporter, a leading car industry executive told Reuters Friday. Sales of automobiles in the first seven months of 2002 were down nearly 22 percent on the same period last year, at 91,267 units, according to the Venezuela Automobile Chamber (Cavenez), ...

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