Ford has been experiencing severe problems with its vehicle assembly operations in Venezuela for some time now, with the Blue Oval having reduced production in January this year over a shortage of foreign currency (US dollars). The situation has now taken a turn for the worse and Ford decided on Monday to freeze its operations because of the lack of hard currency to import parts for the cars it builds. Read more »
Tuesday, May 6, 2014
Ford Suspends Production in Venezuela Due to Lack of Foreign Currency
Ford has been experiencing severe problems with its vehicle assembly operations in Venezuela for some time now, with the Blue Oval having reduced production in January this year over a shortage of foreign currency (US dollars). The situation has now taken a turn for the worse and Ford decided on Monday to freeze its operations because of the lack of hard currency to import parts for the cars it builds. Read more »
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