12/26/09

Toyota: Not Progressive Enough

Obama also smacks down non-union employers

Venezuelan President Hugo Chávez ordered an investigation of Toyota Motor Corp., saying the world’s largest carmaker “can leave” should it fail to meet production quotas and technology-transfer laws.

Toyota has refused to make four-wheel drive models used for public transportation, Chávez said in comments on state television yesterday. Chávez said he will impose a production quota for the cars, which are used to ferry residents into Caracas slums.

“I’m ordering an investigation into Toyota, to see how it is that they don’t want to assemble these cars,” Chávez said. “We have to force them to, and if they don’t want to, they can leave.”

Chávez has nationalized foreign oil, utilities and metals companies in his 10 years in power while vowing to transform Venezuela into a socialist state. U.S. automakers General Motors Co. and Ford Motor Co. also haven’t shared technology and can be replaced by Russian and Chinese companies, Chávez said.

(from businessweek.com)

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