Welcome to the North American Subaru Impreza Owners Club Wednesday April 16, 2014
Home Forums WikiNASIOC Products Store Modifications Upgrade Garage
NASIOC
Here you can view your subscribed threads, work with private messages and edit your profile and preferences Home Registration is free! Visit the NASIOC Store NASIOC Rules Search Find other members Frequently Asked Questions Calendar Archive NASIOC Upgrade Garage Logout
Go Back   NASIOC > NASIOC General > News & Rumors > Non-Subaru News & Rumors

Welcome to NASIOC - The world's largest online community for Subaru enthusiasts!
Welcome to the NASIOC.com Subaru forum.

You are currently viewing our forum as a guest, which gives you limited access to view most discussions and access our other features. By joining our community, free of charge, you will have access to post topics, communicate privately with other members (PM), respond to polls, upload content and access many other special features. Registration is free, fast and simple, so please join our community today!

If you have any problems with the registration process or your account login, please contact us.
* Registered users of the site do not see these ads.
Reply
 
Thread Tools Display Modes
Old 02-27-2007, 02:45 PM   #1
NYCshopper
Scooby Guru
 
Member#: 5126
Join Date: Mar 2001
Location: www.nugateway.com
Default Ford's Venezuelan production slows due to shortage of imported parts

Ford's Venezuelan production slows due to shortage of imported parts

http://www.detnews.com/apps/pbcs.dll...DATE/702270441

Quote:
Ford Motor Co. slowed production at its Venezuelan unit this month because suppliers couldn't get the dollars they needed to import parts and raw materials.

Ford cut output to 65 percent of capacity in early February from full capacity while it sought to prove to the government that some imported items used to assemble cars aren't made domestically, said Nelson Matamoros, spokesman for the automaker's Venezuelan unit.

"It's a slow process, one we and the government aren't used to," Matamoros said in a phone interview in Caracas. "Production will likely be affected until the end of March."

Four years of foreign exchange and price controls have undermined private investment and expansion of production capacity in Venezuela. Scarcity of goods such as meat, milk and construction materials have helped boost the annual inflation rate to 18.4 percent last month from 10.4 percent in May.

Venezuelan President Hugo Chavez implemented foreign exchange restrictions in 2003, and in December tightened rules for obtaining dollars to import "non-essential" goods and items that are produced domestically.
* Registered users of the site do not see these ads.
NYCshopper is offline   Reply With Quote
Reply

Thread Tools
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Forum Jump

Similar Threads
Thread Thread Starter Forum Replies Last Post
Our favorite dealership is closing due to lack of legacy L sales Briman2021 Off-Topic 4 09-26-2008 08:54 AM
Have you ever not posted a thread due to lack of pics? Prod Off-Topic 5 04-17-2008 02:15 PM
Who here worries about your job due to outsourcing of jobs to overseas? txl146 Off-Topic 28 04-23-2006 09:17 PM
Today has been cancelled due to lack of interest. SkirtBoy Off-Topic 16 10-07-2004 09:56 AM
Will Protege Menace have an aneurysm due to all of the Janet threads? 2k2 Off-Topic 7 02-02-2004 02:07 PM


All times are GMT -4. The time now is 07:20 AM.


Powered by vBulletin® Version 3.7.0
Copyright ©2000 - 2014, Jelsoft Enterprises Ltd.
Powered by Searchlight © 2014 Axivo Inc.
Copyright ©1999 - 2014, North American Subaru Impreza Owners Club, Inc.