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GM Stops Operations in Venezuela After Plant Unexpectedly Seized

General Motors is stopping operations in Venezuela after its plant in the country was unexpectedly seized by authorities.

GM described the takeover as an "illegal judicial seizure of its assets."

The automaker said the seizure showed a "total disregard" of its legal rights.

GM says it will vigorously take all legal actions, within and outside of Venezuela.

The automaker has operated in Venezuela for nearly 70 years.

It employs nearly 2,700 workers and has 79 dealers in the country.

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