Concerns among multinational corporations continue growing amid Venezuela's economic situation. General Motor's chief financial officer, Chuck Stevens, said the company saw no horizon or resolutions to business operations in Venezuela, EFE reported. He underscored that the results in South America in the first quarter would be weaker manly due to lower production in Venezuela. The chief financial officer noted that the company recorded an extraordinary loss of USD 162 million upon the devaluation of the Venezuelan bolivar. More...
Saturday, February 8, 2014
General Motors sees no resolution to operations in Venezuela
Concerns among multinational corporations continue growing amid Venezuela's economic situation. General Motor's chief financial officer, Chuck Stevens, said the company saw no horizon or resolutions to business operations in Venezuela, EFE reported. He underscored that the results in South America in the first quarter would be weaker manly due to lower production in Venezuela. The chief financial officer noted that the company recorded an extraordinary loss of USD 162 million upon the devaluation of the Venezuelan bolivar. More...
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