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Venezuela Denies Fault in GM Halt
Caracas - The Venezuelan government said the
announced General Motors plant closures here are
more due to the company's insolvency than an alleged
delay by the Commission of Administration of Foreign
Currency to deliver dollars.
The Vice minister of Science, Technology and
Industry, Efren Marin explained that it is "an
interim situation that is being solved" and the
closing should be seen within the context of serious
economic problems of the United States home base.
Interviewed by Ultimas Noticias daily, Marin
insisted that General Motors should tell the truth
since it has received 1.3 billion dollars since 2008
and is one of the car manufacturers that has
received the largest amount of foreign currency ever
delivered.
He pointed out that in 2008 the company received
968,482,095 dollars for regular imports and
397,762,641 dollars for the agreement of Latin
American Integration Association (ALADI).
A General Motors communique of June 15 indicated
that it would close its plants in Venezuela until
next September claiming lack of foreign currency for
the purchase of raw materials abroad and for paying
its debts. |
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