Friday, May 06, 2005

Detriot should be happy 

Most cars in Venezuela are made by the big three U.S. auto makers - G.M., Ford, Daimler-Chrysler. Recently these companies have all been having a rough time. But they certainly can't blame that on Hugo Chavez.

Venezuela's auto sales, like just about everything in the Venezuelan economy, are booming. Through April auto sales are up by 91% at 61,905 which puts them on a pace to possibly sell 200,000 this year. Anything over 200,000 is considered stellar by Venezuelan standards and shows how the Venezuelan economy has rebounded since the opposition "strike" induced depression of 2002/2003


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