No Tech Transfer, Venezuela Threatens to Expropriate Toyota Plant

Vehicles for Rural areas needed

CARACAS—Venezuelan President Hugo Chavez has threatened to expropriate Toyota Motor Corp.'s local assembly plant if it doesn't produce more vehicles designed for rural areas and increase technology transfer.

Technology Transfer, no stupid assembly lineMr. Chavez said late Wednesday that the Japanese auto maker needs to transfer more new technologies and manufacturing methods from headquarters to its local unit in Venezuela.

Los trabajadores de Toyota de Venezuela source: wsj.com