CARACAS, VENEZUELA: Venezuelans, who enjoy free highways and dirt-cheap petrol, are struggling to buy cars as production falters because of a lack of foreign currency to pay for imported parts.
12 May 2014
CARACAS, VENEZUELA: Toyota is halting production at its only assembly plant in Venezuela because the world's largest car manufacturer lacks the hard currency to import parts due to government controls, a factory official said last week.
10 Feb 2014
CARACAS, VENEZUELA: The Caracas government has announced that the French car company PSA Peugeot Citroen will assemble vehicles in Venezuela from the end of next year.
5 Dec 2013
NEW YORK, US: After an upbeat start to the year with two consecutive quarters of increases in optimism, global consumer confidence fell three points in September to an Index of 90 as consumers' hopes for a full economic recovery this year fades in most parts of the world, according to the latest edition of the Nielsen Global Consumer Confidence Index.
27 Oct 2010