Wednesday, May 20, 2015

Chrysler, GM eye selling cars in dollars in Venezuela -union


The local divisions of General Motors and Fiat Chrysler Automobiles NV, struggling to obtain hard currency to import parts, are considering charging Venezuelans dollars for some cars, a union leader said on Tuesday. Fewer cars are being assembled in the country, as companies struggle to buy greenbacks through 12-year-old currency controls. The local subsidiary of Ford Motor Co is launching a plan to sell cars in dollars, its workers said last week, though the company has not confirmed the plan. "The auto assembly plants are meeting with the government to evaluate the sale of some vehicles in dollars," Christian Pereira, president of the federation of unions that represent auto workers, said in a telephone interview. More…

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