Too many other distractions I guess.
"GM says Venezuela has seized its car plant" http://money.cnn.com/2017/04/20/news...zed/index.html
http://money.cnn.com/2017/04/18/news...ex.html?iid=EL
General Motors says it will immediately halt operations in Venezuela after its plant in the country was unexpectedly seized by authorities.
GM (GM) described the takeover as an "illegal judicial seizure of its assets."
The automaker said the seizure showed a "total disregard" of its legal rights. It said that authorities had removed assets including cars from company facilities.
"[GM] strongly rejects the arbitrary measures taken by the authorities and will vigorously take all legal actions, within and outside of Venezuela, to defend its rights," it said in a statement.
GM's subsidiary in the country -- General Motors Venezolana -- has operated in Venezuela for nearly 70 years. It employs nearly 2,700 workers and has 79 dealers in the country. GM said it would make "separation payments" to its workers.
Venezuelan authorities did not immediately respond to a request for comment.
Huge swaths of Venezuela's economy have been nationalized in the years since former President Hugo Chavez rose to power. Under Chavez, who took office in 1999, the state took control of private oil, telecommunications, energy and cement businesses.
President Nicolas Maduro, handpicked by Chavez as his successor, has continued the tradition.
It was not immediately clear why authorities in Venezuela seized the GM plant, but Maduro has in the past blamed the United States and its companies for the country's economic and political problems.