"Toyota Motor Corp (NYSE:TM), the world's largest automaker by production, has reportedly asked its employees in Venezuela to work from home. Monitoring The Situation The Japanese automaker asked its employees to work remotely as the company monitors the situation, according to a spokesperson for the company cited by Bloomberg in a report on Monday. However, the directive isn't affecting the company's production and sales activities in the country, the report suggests."
"The uncertainty comes as the U.S. military carried out an operation that led to the capture of the Venezuelan president, Nicolás Maduro, over the weekend. Maduro was captured and transported to New York for trial. Meanwhile, Venezuela's opposition leader María Corina Machado laid out an ambitious $1.7 trillion plan to privatize state assets, which include oil reserves. Elsewhere, SpaceX and Tesla Inc. (NASDAQ:TSLA) CEO Elon Musk confirmed that Venezuelans will be offered Starlink's free satellite internet access for a limited period of time."
Toyota asked employees in Venezuela to work from home while monitoring the situation; the directive does not affect production or sales in the country. The Toyota plant in Cumaná, once a producer of models such as the Corolla, has been repeatedly disrupted by Venezuela's prolonged economic crisis. A U.S. military operation led to the capture of Venezuelan president Nicolás Maduro, who was transported to New York for trial. Opposition leader María Corina Machado laid out a $1.7 trillion plan to privatize state assets, including oil reserves. Elon Musk confirmed limited free Starlink satellite internet access for Venezuelans. Trump touted a $10 billion Toyota investment, and TM slipped 1.31% to $215.01 in pre-market trading.
Read at Benzinga
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