GM latest US company to have assets seized in Venezuela

Daily News Article - April 21, 2017


1. The first paragraph of a news article should answer the questions who, what, where and when. List the who, what, where and when of this news item. (NOTE: The remainder of a news article provides details on the why and/or how.)

2. What did the socialist government take from GM’s only factory in Venezuela after seizing control of it this week?

3. a) How many companies have brought the Venezuelan government to the World Bank, accusing President Maduro of illegal asset seizures?
b) List the companies named in this article.

4. Why have many car makers decided to stay in Venezuela, despite the government confiscation of many privately owned companies assets/factories?

5. For what reasons has a lot of auto production halted in Venezuela?

6. What does the government say about its confiscation of the GM plant?

7. How will GM try to help the 2,700 workers at its factory in Valencia?

8. a) Watch the video under “Resources” below the questions. Why do you think Venezuelans aren’t buying cars?
b) People who support a socialist form of government believe it would make things fair and equal for everyone. How does this news report affect your view of this type of government system?