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Apr 20, 2017
7:05
:30
am
Baron
All-American
As Dapper said, GM probably considered it more profitable to risk it than move.
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Baron
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jarocho
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Baron
Joined
Sep 1, 2006
Last login
May 4, 2024
Total posts
94,189 (32,760 FO)
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Messages
Author
Time
Venezuela seizes GM plant that had been operational for more than 70 years
cougarmanguy
4/20/17 6:45am
The plant was already there and already producing. GM was likely well aware of
DapperDan
4/20/17 6:51am
Maybe. But it was going to be seized at some point
cougarmanguy
4/20/17 6:53am
same reason people build in california knowing there will be big quakes later
BYUtiful
4/20/17 6:58am
Maybe GM was trying to get the new plant built before shutting down the
WDaddy
4/20/17 6:59am
No indication that they were trying
cougarmanguy
4/20/17 7:06am
No indication they werent.
WDaddy
4/20/17 7:09am
What am I missing here
cougarmanguy
4/20/17 7:10am
Fat fingered and now corrected
WDaddy
4/20/17 7:12am
As Dapper said, GM probably considered it more profitable to risk it than move.
Baron
4/20/17 7:05am
Of course I didn't do a cost-benefit analysis but now they don't have a plant at
cougarmanguy
4/20/17 7:07am
I guess it does based on people's assumptions. It doesn't seem odd to me. I
Baron
4/20/17 7:10am
Doesn't mean they aren't trying. Perhaps GM has capacity in other plants and was
WDaddy
4/20/17 7:11am
Detroit news gives some insight
cougarmanguy
4/20/17 7:23am
With, what seems, no desire to replace it at all
cougarmanguy
4/20/17 7:23am
No surprise at all. South America is a tough place for auto to do business
Tokolosh
4/20/17 7:58am
GM's South America business has been deteriorating for a while. They just sold
Mike Honcho
4/20/17 7:52am
Almost a billion dollar hit
cougarmanguy
4/20/17 8:04am
Clean house and throw everything in there including the kitchen sink
WDaddy
4/20/17 8:20am
<< Deleted >>
JimmyZ
4/20/17 7:42am
<< Deleted >>
Abe Froman
4/20/17 8:10am
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