Venezuela faces around 20 arbitration cases over nationalizations under late leader Hugo Chavez.
GM called the expropriation of its plant "an illegal judicial seizure of its assets" and vowed legal action to defend itself. The company sold its Venezuela assets to Grupo Corimon, a local industrial company. The oil giant sought compensation of $16.6 billion. GM said that it would be paying separation benefits "as far as the authorities permit".
"If today we were millions, tomorrow even more of us need to come out", said opposition governor and two-time presidential candidate Henrique Capriles, who last week was barred from running for office for 15 years.
Tens of thousands of protesters demanding elections and denouncing what they consider to be an increasingly dictatorial government were met by a curtain of tear gas and rubber bullets as they attempted to march to downtown Caracas on Wednesday.
President Nicolas Maduro has continued the tradition, while blaming the United States and its companies for Venezuela's economic and political problems.
The Associated Press reports that the GM plant in Valencia "hasn't produced a single car" since 2015. Nationwide, auto makers assembled just 2,849 cars previous year, from a peak of 172,218 vehicles in 2007. Still, many vehicle makers have stayed put in case the economy experiences a turnaround. The automaker employs 2,678 workers and has 79 dealers in the country with more than 3,900 workers.
The seizure arose from an nearly 20-year-old lawsuit brought by a former GM dealership in western Venezuela. "In addition, other assets of the company, such as vehicles, have been illegally taken from its facilities", the statement read.
Hundreds of workers desperate for information about their jobs gathered at the plant Thursday to meet with government and military officials, as well as representatives of the dealership that brought the lawsuit. The statement said a fair judicial system is critical to economic reforms that would restore growth, but it made no mention of any action the US government might take.
Clorox Co. halted operations in Venezuela in September 2014 after inflation and government-mandated price freezes made business unprofitable for the seller of products ranging from bleach to salad dressing. President Nicolas Maduro accused Kimberly-Clark of participating in an worldwide plot to damage Venezuela's economy.
Bridgestone joined other foreign multinationals including Halliburton, Ford Motor and Procter & Gamble who have either slowed or abandoned their investments in Venezuela.
The proposed tax hike is meant to reduce the number of smokers in New York City by 160,000 over the next three years. Mayor Bill de Blasio hand delivered Thursday a Pre-K acceptance letter to a child in Brooklyn.
And not who we've seen them be. "Portland has the first crack, and (the Blazers) will give it everything they have". We've heard time and time again, LeBron (and the Cavs ) can flip the switch any time they want to.
Khan also accepted the verdict and said his party has been vindicated that Sharif was involved in corruption. The opposition accuses Sharif of failing to explain the source of offshore money and of lying to parliament.
Chaffetz said in a text message: "My future plans are not yet finalized but I haven't ruled out the possibility of leaving early". Stewart is a Utah congressman who was being considered for secretary of the Air Force, which would have required him to leave.
All in all, I think that Manchester City will win this game but looking at the odds I don't think that this is a good bet to make. And Guardiola gave a frank assessment on the eve of Saturday's game against Hull, saying: "I will be better, definitely".
The tweet was posted early in the morning of April 20, and had been retweeted and liked more than 50,000 times before noon. In a follow-up tweet, the police department said: "All jokes aside, substance abuse is a real issue".
Achin is located in the foothills of the Spinghar mountain range that serves as a border between Afghanistan and Pakistan. The top USA commander in Afghanistan, General John Nicholson, said it was an operational decision to support a joint U.S.
The judge issued a restraining order for the Deliverance EP, meaning it will not be released on April 21st. Prince sings and plays guitar and keyboard on the tracks. "The Estate has not granted permission to Mr.
The province will also expand rent control to all private rental units, including those built after 1991. Sousa says investing in real estate is not a bad thing, but he wants speculators to pay their fair share.
A leak of natural gas from an Alaska North Slope oil well was plugged by pumping salt water down the well. North Slope production rose to 565,000 barrels a day in March, its highest level since December 2013.
North Korean official says will continue missile tests
Abe and Pence agreed to hold another "two-plus-two" ministerial-level security dialogue in the near future, the officials said. Pence said at a joint news conference with Jokowi that the US wants to strengthen its strategic partnership with Indonesia.
Bylsma, GM Murray fired by Sabres
He led the team to the postseason in each of the next five season before being fired after the 2013-14 season. They have four unrestricted free agents to sign, including goalie Robin Lehner and forward Zemgus Girgensons.