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Toyota was ‘warning’ in Venezuela

 TPO - Venezuelan President Hugo Chavez prompted Japanese car manufacturer Toyota may have to withdraw from South America if the country refuses to production model vehicle for public transport in rural areas underdeveloped roads.

In speeches Wednesday, Mr Chavez also stressed will not hesitate to expel or nationalized by the venture to other Asian countries and the United States, operating in Venezuela, if it still refuses to run health move Technology transfer to local partners.

Mr Chavez said during a conference in Caracas: “Did not want to produce Toyota vehicles ‘home country’ here? We need to force them to do so, otherwise they should leave and we will invite other companies, Chinese companies are here and they will want to produce models ‘home country’.

Toyota Venezuela currently not comment on the message of President Hugo Chavez replied. Next largest car manufacturer in the world is, there are other car firms as Mitsubishi, Hyundai, General Motors is investing in the country owns more oil, where people are famous for animal enthusiasts car.

“Companies need investment to this technology transfer to local partners. If they do not want, they should leave here, please pack and leave at all,” Mr Chavez says and adds the product export cars from other countries have close relationships such as China, Russia, Belorussia are willing to invest in Venezuela.

According to latest figures from the Association Automobile Venezuela, November vehicle sales reached 10.075 units, down 40% compared to the same month last year.

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