General Motors Auto plant Venezuela – CWEB.com
Venezuelan authorities had illegally seized its plant GM in the industrial hub of Valencia and vowed to “take all legal actions” to defend its rights. Venezuela shows one of the major pitfalls for companies moving operations overseas, the instability of many foreign governments. While the US government may be subject to mood swings every four years or so, it still remains a symbol of stability compared to other governments. Look around the world at the number of governments that have been toppled and restructured over the last decade.
American manufacturing, in a destabilized world, must return their facilities to US shores or face terrible losses overseas.