Venezuela new-car sales jumped 111% in April, to 9,001 units from prior year’s 4,269, the Venezuelan Automobile Chamber reports. The country sold 32,429 cars in the first four months compared with 17,145 year-ago, the group says. Venezuela’s economy has been struggling to recover from a 2-month oil strike that began in December 2002 and from ongoing political unrest. The government early last year implemented strict currency controls that negatively have impacted auto sales and made it ...
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