General Motors

GM halts operations in Venezuela after factory is seized

GM halts operations in Venezuela after factory is seized

General Motors has stopped doing business in Venezuela after authorities took control of a factory in what GM called an illegal judicial seizure of its assets.

The plant was confiscated Wednesday as antigovernment protesters clashed with authorities in a country that is roiling with economic troubles such as food shortages and triple-digit inflation.

The Detroit automaker said in a statement Thursday that vehicles and other assets were taken from the plant, causing irreparable damage to the company.

GM said the plant was taken in disregard of its right to due process. The company said it would defend itself legally and that it was confident justice would eventually...

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