According to GM FY2015 10K, GM "continued to consolidate our Venezuelan subsidiaries because of recent favorable election results, settlements of new debt by the Venezuelan government, participation in SIMADI currency exchange and vehicle production in the year ended December 31, 2015." Given the consolidation steps GM had taken what was the expected charge should GM no longer maintain control over its assets in Venezuela? From a financial perspective, do you believe that statement in the 10K "Despite the significant challenges in Venezuela, this market continues to be important to us" is true from a financial perspective? Why or why not?

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If GM no longer maintained control over its assets in Venezuela the exp... View the full answer