US tire maker leaves Venezuela after six decades in the country

Tuesday, May 24th 2016 - 08:30 UTC

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United States tire maker Bridgestone is selling its business in Venezuela after six decades in the country, the latest blue chip company to abandon the country as a result of runaway inflation and strict currency controls. Bridgestone Americas said in a statement Monday that it is selling its Venezuela assets to Grupo Corimon, a local industrialist. It says the company will be called Alice Neumaticos de Venezuela. Read full article

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Japanese Tyre Maker...Ishibashi
Stonebridge
Bridgestone
May 24th, 2016 - 09:26 am - Link - Report abuse 0
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Mendoza Canadian
Meanwhile, this Monday tire manufacturer Bridgestone announced it was selling its business in Venezuela after six decades in the country.
The shares of the company in the country will be sold to Corimon Group.
Other multinational companies such as Ford, Procter & Gamble and Halliburton have decreased or abandoned operations in the country.
May 24th, 2016 - 12:26 pm - Link - Report abuse 0
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Marti Llazo
THE ASSOCIATED PRESS APRIL 11, 2016, 11:42 A.M.

CARACAS, Venezuela — “Venezuela’s two main cellphone service providers are suspending long distance calling as the South American country struggles to pay its bills. Movistar, a subsidiary of the Spain-based Telefonica, and Digitel both announced last week that they would be cutting international service because of issues related to Venezuela’s byzantine currency controls. Digitel ended that service on Saturday while Movistar will do so Friday.”

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Pepsico: gone. Clorox: gone. General Mills: gone.
May 24th, 2016 - 05:17 pm - Link - Report abuse 0
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ChrisR
It's all a conspiracy of the Americans”

Could MADuro ever tell a lie?

Do bears crap in the woods?

You have to wonder though how long the more stupid of the Chavistas are going to support this bunch of clowns and thugs 'ruling' the country.
May 24th, 2016 - 07:17 pm - Link - Report abuse 0
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bird's eye view
Another example of global warming.
May 24th, 2016 - 08:32 pm - Link - Report abuse 0
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