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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