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Venezuela seizes GM car plant

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General Motors officials say the company is halting operations in Venezuela after its plant there was seized by authorities.

Officials with GM called the takeover an "illegal judicial seizure of its assets."

"[GM] strongly rejects the arbitrary measures taken by the authorities and will vigorously take all legal actions, within and outside of Venezuela, to defend its rights," it said in a statement.

Venezuelan authorities did not immediately respond to a request for comment.

Read more from CNNMoney.

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