I've known a few Venezuelian families since the early 90s.
Great people... so please don't wish bad things upon the entire country as there are great people everywhere.
Politics... screwing the common people since the beginning of time.
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Chavez had obvious faults, but at least he had the intelligence necessary to keep the country functional. Maduro, on the other hand,
Things are going to come to a head soon. The whole point of socialism is supposed to include everyone having their basic needs provided for. If people are starving because of hyperinflation and resource hoarding, you've done ****ed up, and the pitchforks will be coming.
BTW, I think this thread is now headed to OT... no one even mentioned GM since the OP
I wonder what the Ford, FCA, and Toyota plants in Venezuela are up to today?
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Well, here ya go...I wonder what the Ford, FCA, and Toyota plants in Venezuela are up to today?
Answer: Not a whole lot, which shouldn't come as a surprise to anyone.
France recently instituted a 75% income tax. The result? Tons of businesses and wealthy individuals have fled to other European nations, made easier by the fact the EU nations largely use the same currency now (with a few exceptions) and are mandated to permit free travel within the Schengen area. Now it's not like France has gone bankrupt or anything, but the old world thinking where you can raise taxes and tell everyone "Deal with it" doesn't work the same anymore. It's simply gotten so easy for a company to be anywhere and for people to at least officially live anywhere that you have to be a lot more careful about how you go about these things.
To be honest, I think Sanders could have won if he was slightly less radical about his proposals. State sponsored college & healthcare really are achievable goals in the US, but Sanders was so in-your-face about it that there was zero chance of him ever winning the bulk of the country, hence why DNC had to pull out all the stops to make sure he couldn't have the nomination. Honest opinion here though: a toned down version of Sanders could have beaten Hillary and likely would have won the election.
What's really telling is if you go look at the sat view on Google Maps of the Valencia factory its parking lot is... empty. Google updates their maps periodically and almost no assembly plant in operation have empty lots.
The whole situation in that country is unfortunate. The reliance on just oil production and little diversification elsewhere plus voting in idiot demagogues is never a formula for sustainability.
And there will be more to come since they're not the only country following similar ways. Furthermore... yet another destabilized country in SA can only initiate a domino effect as they become a strain on neighboring countries, which aren't exactly the wealthiest nations to absorb such grief. I'm surprised there aren't mass exoduses to Caribbean island nations, yet.
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What exactly are the plans for this plant?
Build what you can with what's there for in country use?
I'm not sure they would be allowed to export to any major markets without GM backing the product somehow.
Elio's new plant!?
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I'm not certain, but I assume Valencia Plant was just for that market and that's because at one time Venezuela was assumed to be an emerging market with its oil wealth... which justified its own factory. The other small SA countries with paltry sales probably get their vehicles from either Mexico or Brazil.
They could just rebadge the vehicles and export them anywhere they wanted, but given the government leadership is so ignorant and inept about how business works (let alone global trade) it is highly doubtful that idea would fly. And that's assuming they could even get the parts from the various tiers of suppliers to build the vehicles. And that probability is lower than low given their currency ain't worth a ****... and that most suppliers aren't stupid.
This is generally why production has dropped from under a couple hundred thou a year to a few thou this past year. And I believe that number is TOTAL... not just GM, which according to what I've read hasn't built anything there since 2015 or so... which explains the empty parking lot at the factory in Google Maps.
Small markets with factories like this usually get big part subsystems from other regions (i.e. They don't make them locally.) so even if you have 99.9999999% of the other parts... if you don't have seats or a steering wheel or a transmission... it's going to be hard to make a car to sell. And I'm pretty certain GM doesn't make powertrains there.
>>>BTW... to answer your original question... I think corrupt regimes like this nationalize businesses, because they think it's just a matter of reopening a factory and workers will just naturally get a paycheck again. Despots like this are so clueless about business that they believe it is this simple. It doesn't help that their nepotism and/or fellow partners in crime... errr... ideology... are likely similarly inexperienced and that simple-minded that they believe they can force a business or company in an industry as complex and global as automotive to just make cars.
Last edited by uncleho; 04-21-2017 at 09:28 AM.
Some interesting stuff...
USA & Mexico for reference...
They rely on more food imports proportionally than USA or Mexico. It's funny how much their economy relies on the USA, but their recent leadership denigrates the USA every chance they get.
The poor are probably better off trying to get to Columbia (which actually seems to be on an upward trajectory these days) rather than getting on a boat somewhere, but many of the poorest are too weak to even travel. Some are actually worse off from a food situation than many of the African migrants.
Last edited by zukiphile; 04-21-2017 at 11:06 AM.
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