And “South African Communists’ Peace Price” goes on:
Venezuelan President Hugo Chavez has threatened to expropriate Toyota Motor Corp.’s local assembly plant if it doesn’t produce more vehicles designed for rural areas and increase technology transfer.Mr. Chavez said Wednesday that Toyota needs to transfer more new technologies and manufacturing methods from headquarters to its local unit in Venezuela, adding that other foreign auto-assembly plants are also not doing enough of this.
Mr. Chavez said his socialist government is going to apply strict quotas regarding the number and types of vehicles auto makers can produce. He ordered an immediate inspection of Toyota’s facilities to see how many “rustic vehicles” they are currently producing.
“They’ll have to fulfill [the quotas], and if not, they can get out,” Mr. Chavez said during a televised address. “We’ll bring in another company.”
via Venezuela Warns on Toyota Plant | NewsBag.
Freedom… that word sooo unknown in Venezuela’s Chávez.
