Ford suspends auto production in Venezuela until April 2017

Ford Motor Company announced on 20 December 2016 it suspended its automobile production in Venezuela and will not resume operations until April 2017. Lyle Watters, Ford's President for South America, stated the measure would adjust production to demand in the country, and added the shutdown of Ford's plant would affect 2,000 employees (La Patilla). Ford is the only auto company that still mass produces cars in Venezuela, albeit at the rate of fewer than eight vehicles per day, according to figures from the Venezuelan auto producers' association Cavenez. Panorama noted Ford produced 2,253 of the national total of 2,758 cars between January 2016 and November 2016.