General Motors announced Thursday that it was shuttering operations in Venezuela after authorities seized its only factory, a dramatic escalation of the chaos engulfing the South American nation amid days of deadly protests.
The plant in the central city of Valencia was confiscated on Wednesday as anti-government protesters clashed with pro-government groups in a country battered by economic troubles including food shortages and triple-digit inflation. GM called the move an illegal judicial seizure of its assets.
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