Thursday, December 24, 2009

Venezuela's Chavez Orders Investigation of Toyota, Says Company "Can Leave"

According to local press sources, Venezuela's president, Hugo Chavez, who has become embroiled in disagreements with several major car companies recently, is working to push Toyota Motor Corp (NYSE:TM), the world's largest car company, to do more to encourage technology transfer, saying that the government would expropriate the assets of any company that failed to meet new regulations.

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