Venezuela's car manufacturing plummeted 84.78% in January, according to data released by the Venezuelan Automotive Chamber (Cavenez). In its monthly report, Cavenez, which comprises the seven privately owned car assemblers of the country, informed a total of 296 vehicles were assembled in January 2014, 1,649 less than one year earlier. A halt in the allocation of foreign currency in late 2013 is accountable for the downturn in manufacturing. More...
Wednesday, February 5, 2014
Car manufacturing in Venezuela slumps 84.78%
Venezuela's car manufacturing plummeted 84.78% in January, according to data released by the Venezuelan Automotive Chamber (Cavenez). In its monthly report, Cavenez, which comprises the seven privately owned car assemblers of the country, informed a total of 296 vehicles were assembled in January 2014, 1,649 less than one year earlier. A halt in the allocation of foreign currency in late 2013 is accountable for the downturn in manufacturing. More...
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