Venezuela forex curbs stall GM unit output, sales

Newswire

By Pascal Fletcher CARACAS, Venezuela, March 31 (Reuters) - General Motors Corp. 's Venezuelan unit, the largest vehicle assembler in the South American country, has temporarily halted production because of tight foreign exchange controls that are squeezing the local car industry, a spokesman said on Monday. General Motors Venezolana, C.A. suspended work late last week at its plant in Valencia, west of Caracas, and the stoppage would last until April 21 while the company attempted to ...

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