Venezuela's car production falls 3.54% in October as against 2011
As many as 8,295 vehicles were assembled in October 2012 in Venezuela, compared to 8,599 in 2011, Cavenez noted
As many as 8,295 vehicles were assembled in October 2012, compared to 8,599 in 2011, Cavenez noted.
If comparing the figure with that recorded in September (8,038), output shows a 3.20% rise.
Accumulated production through October 2012 accounts for 92,085 vehicles, 4.17% above the figure recorded in 2011 (88,396).
With reporting by Ender Marcano
President Nicolás Maduro is not only the heir to the throne, but also to an economic crisis which demanded urgent measures to rectify the course. The crisis showed up in two aspects: a 50% inflation estimate, and shortage of staples ranging between 70% and 98%. These issues might hit the President's poor popularity; considering his feeble electoral victory of 1% over his challenger.