General Motors said Wednesday it has been forced to stop operating in Venezuela after one of its plants was illegally seized by local authorities.
The seizure, in the country's industrial hub of Valencia, comes amid a deepening economic and political crisis that has sparked weeks of deadly street protests.
General Motors Venezolana, GM's local subsidiary, did not provide any details about the seizure, other than to say the facility "was unexpectedly taken by authorities, preventing normal operations." It said other assets, "such as vehicles," had also been stripped from the site.
What next? American assets are in danger, and the nation has broken down into lawlessness. This crisis is almost at our doorstep. Syria? Iran? North Korea? Yemen? We have issues here in the Americas that are vital, this situation can only get worse from here.