General Motors’ Venezuelan unit, the biggest vehicle assembler in the South American nation, on Monday said it was suspending production for four days because of delays in the delivery of parts.
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“It will be from Monday to Thursday; output should be getting back to normal Friday,” General Motors de Venezuela spokesman Rafael Ortega told Reuters.
He reportedly cited delays both in the delivery of vehicle parts from local suppliers and in the arrival of imports and added, if the problems persist, the company might have to repeat the production stoppages later this year.
Asked by the news agency whether the problems were linked to Venezuela’s strict currency controls in place for more than a year, he said he did not have details.
Reuters noted that, in April last year, General Motors de Venezuela halted production for three weeks at its Valencia plant, west of Caracas, because of problems caused by the foreign-exchange controls introduced by president Hugo Chavez’s government.
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By GlobalDataThe curbs, combined with a severe economic recession triggered by a two-month general strike that disrupted oil exports, badly hit car sales in Venezuela in 2003 though they have been recovering this year.
