GM conflict risks 40 percent of vehicle production

Venezuelan assembly plant has been halted for eight weeks and production has dropped by 96.6 percent
If problems continue, General Motors has not ruled out the possibility of closing operations in Venezuela. Since July 27, a group of workers, members of the pro-government trade union Vencedores Socialistas has blocked the access to the facilities of the plant located in the city of Valencia, in central Carabobo state. These protests have led to a complete shutdown of operations at the assembly plant. In August, the labor conflict has resulted in a dramatic drop of 96.6 percent in GM's vehicles production. The car manufacturer sold 80 percent vehicles less, compared with August 2007. This performance led to a 60.5 percent monthly drop, which is the worst fall in the car industry over the past five years.