,

Car manufacturing in Venezuela plummets 92% in May

Production in four car manufacturers was zero in May (File photo)
Production in four car manufacturers was zero in May (File photo)
Production in four car manufacturers was zero in May (File photo)

EL UNIVERSAL – Only 645 vehicles were assembled by the seven private car makers operating in the country, the Venezuelan Automobile Chamber (Cavenez) informed.

Venezuela’s automobile industry has failed to pick up. The seven private carmakers operating in the country assembled only 645 vehicles in May. The Venezuelan Automobile Chamber (Cavenez) said production has dropped sharply 92%.

The report additionally confirmed production in the industry has stopped almost entirely. Four out of seven car manufacturers did not assemble a single vehicle, and one of them assembled just one.