Venezuela begins inspections in car assembly plants
The Venezuelan Government is taking actions in an attempt to regulate the price of vehicles
Elvis Amoroso, the lawmaker promoting the bill to regulate car prices, denounced the existence of a black market in the automobile sector that involves car dealers, entrepreneurs, and websites.
Sources close to the sector stated that authorities have conducted regular inspections in car assembly plants and are fully aware of daily operations.
Regarding prices, sources said that they are calculated based on production costs, which are frequently adjusted as they are subject to increases in both salaries -pursuant to labor agreements, and inflation. However, the sources pointed out that the increase in car prices was below the National Consumer Price Index of 2012.
Translated by Jhean Cabrera
Cristian Fonseca, a businessman in La Candelaria district downtown Caracas, was doing the accounts in his small shop office on Sunday December 21, 2008. The Christmas shopping season kept him working late hours into the night. It was around 11 p.m. and his phone rang. A friend broke the bad news to him over the telephone.