News / Americas

Ford Suspends Vehicle Assembly in Venezuela

U.S. automaker Ford has halted operations in Venezuela on Monday due to a lack of foreign currency to import parts for assembly, workers at its plant said.
Like other private businesses in Venezuela, carmakers have been complaining that the socialist government's currency controls are preventing them from importing essential products due to restrictions and delays in purchases of dollars.
Workers, who spoke to Reuters on condition of anonymity, said the plant in the central city of Valencia would be paralyzed until the end of May.
Transport Minister Haiman El Troudi confirmed the stoppage at the plant but said it should reopen in two weeks after a meeting between Ford representatives and government officials that resolved some “critical bottlenecks.”
The minister said state currency board Cencoez would release $20 million in debt to Ford this week.
Toyota Motor Corp. halted vehicle assembly in Venezuela in February for the same reasons.
Venezuela's struggling auto industry saw first-quarter production fall 76 percent to just 3,424 vehicles, compared with 14,316 units in the same period of 2013, according to national automakers' organization Cavenez.
Ford assembled only 499 cars in the first three months of 2014.
Automobiles are just one sector of many where President Nicolas Maduro's government is facing clamor to release more dollars for imports. He says unscrupulous businessmen exaggerate needs in order to flip dollars on the black market for profit.
But nevertheless ministers are holding urgent meetings with business heads to try and resolve problems and help reverse the slide in local production.
Venezuela operates three exchange controls - at 6.3 bolivars per dollar for preferential goods, and at around 11 and 50 for other sectors via two Central Bank mechanisms.
The dollar is trading at about 66-68 bolivars on the black market, according to illegal web sites that track it.
General Motors, Mitsubishi, and Fiat Chrysler also have assembly plants in Venezuela.

You May Like

Video Getting to Zero AIDS Infections

More than 35 million people around the world are infected with HIV, a disease that is both preventable and treatable

Children, Childhoods Lost in European Refugee Crisis

According to UNICEF, 190,000 children applied for political asylum in Europe in the first 9 months of this year - twice as many as last year

What Happened When I Landed in Antarctica

Refael Klein chronicles what it's like to visit one of the coldest, most desolate places on Earth

Featured Videos

Your JavaScript is turned off or you have an old version of Adobe's Flash Player. Get the latest Flash player.
With HIV, Can We Get to Zero?i
Carol Pearson
November 29, 2015 1:23 PM
The theme of this year's World AIDS Day is "Getting to Zero." The U.N. says new HIV infections have been reduced by 35 percent since 2000 and AIDS-related deaths are down by 42 percent since the peak in 2004. VOA's Carol Pearson takes a look at what it might take to actually have an AIDS-free generation.

Video With HIV, Can We Get to Zero?

The theme of this year's World AIDS Day is "Getting to Zero." The U.N. says new HIV infections have been reduced by 35 percent since 2000 and AIDS-related deaths are down by 42 percent since the peak in 2004. VOA's Carol Pearson takes a look at what it might take to actually have an AIDS-free generation.

Video Political Motives Seen Behind Cancelled Cambodian Water Festival

For the fourth time in the five years since more than 350 people were killed in a stampede at Cambodia’s annual water festival, authorities canceled the event this year. Officials blamed environmental reasons as the cause, but many see it as fallout from rising political tensions with a fresh wave of ruling party intimidation against the opposition. David Boyle and Kimlong Meng report from Phnom Penh.

Video African Circus Gives At-Risk Youth a 2nd Chance

Ethiopia hosted the first African Circus Arts Festival this past weekend with performers from seven different African countries. Most of the performers are youngsters coming form challenging backgrounds who say the circus gave them a second chance.

Video US Lawmakers Brace for End-of-Year Battles

U.S. lawmakers are returning to Washington for Congress’ final working weeks of the year. And, as VOA's Michael Bowman reports, a full slate of legislative business awaits them, from keeping the federal government open to resolving a battle with the White House over the admittance of Syrian refugees.

Video Taiwan Looks for Role in South China Sea Dispute

The Taiwanese government is one of several that claims territory in the hotly contested South China Sea, but Taipei has long been sidelined in the dispute, overshadowed by China. Now, as the Philippines challenges Beijing’s claims in an international court at The Hague, Taipei is looking to publicly assert its claims. VOA’s Bill Ide has more from Beijing.

Video After Terrorist Attacks, Support for Refugees Fades

The terrorists who killed and injured almost 500 people around Paris this month are mostly French or Belgian nationals. But at least two apparently took advantage of Europe’s migrant crisis to sneak into the region. The discovery has hardened views about legitimate refugees, including those fleeing the same extremist violence that hit the French capital. Lisa Bryant has this report for VOA from the Paris suburb of Cergy-Pontoise

Video Syrian Refugees in US Express Concern for Those Left Behind

Syrian immigrants in the United States are concerned about the negative tide of public opinion and the politicians who want to block a U.S. plan to accept 10,000 Syrian refugees. Zlatica Hoke reports many Americans are fighting to dispel suspicions linking refugees to terrorists.

Video Thais Send Security Concerns Down the River

As Thailand takes in the annual Loy Krathong festival, many ponder the country’s future and security. Steve Sandford reports from Chiang Mai.

Video Islamic State Unfazed by Losses in Iraq, Syria

Progress in the U.S.-led effort to beat Islamic State on its home turf in Iraq and Syria has led some to speculate the terror group may be growing desperate. But counterterror officials say that is not the case, and warn the recent spate of terror attacks is merely part of the group’s evolution. VOA National Security correspondent Jeff Seldin has more.

Video Belgium-Germany Border Remains Porous, Even As Manhunt For Paris Attacker Continues

One of the suspected gunmen in the Nov. 13 Paris attacks, Salah Abdeslam, evaded law enforcement, made his way to Belgium, and is now believed to have fled to Germany. VOA correspondent Ayesha Tanzeem makes the journey across the border from Belgium into Germany to see how porous the borders really are.

Video US, Cambodian Navies Pair Up in Gulf of Thailand

The U.S. Navy has deployed one of its newest and most advanced ships to Cambodia to conduct joint training drills in the Gulf of Thailand. Riding hull-to-hull with Cambodian ships, the seamen of the USS Fort Worth are executing joint-training drills that will help build relations in Southeast Asia. David Boyle reports for VOA from Preah Sihanouk province.

Video Uncertain Future for Syrian Refugee Resettlement in Illinois

For the trickle of Syrian refugees finding new homes in the Midwest city of Chicago, the call to end resettlement in many U.S. states is adding another dimension to their long journey fleeing war. Organizations working to help them integrate say the backlash since the Paris attacks is both harming and helping their efforts to provide refugees sanctuary. VOA's Kane Farabaugh reports.

VOA Blogs

More Americas News

Argentina's Ex-President Menem Sentenced for Embezzlement

Menem is currently a senator representing La Rioja province where he was born, that status as a lawmaker protects him from being imprisoned

Colombia Declines Rebel Extradition to US Amid FARC Peace Talks

Move seen as a goodwill gesture as part of peace negotiations that are approaching a March deadline

Temple Passageway May Lead to Aztec Ruler's Tomb, Experts Say

Aztecs are thought to have cremated leaders' bodies but burial site hasn't been found, so discovery at Mexico City's Templo Mayor ruin could prove significant

US-Cuba Talks Underway; Focus on Migrants, Illegal Drugs

Officials from both countries are meeting in Washington as part of efforts to normalize bilateral relations which had been frozen for half a century

Brazil Sues BHP, Vale for $5 Billion in Damages for Mine Disaster

The damburst unleashed 60 million cubic meters of mud and mine waste that demolished a nearby village, killing at least 13 people

Brazil House Speaker Denies Bribery Reports

O Globo says investigators seize document implicating Cunha in corruption probe suggesting he received nearly $12M to support legislation favoring top investment bank