Venezuela’s government announced the start of electricity rationing in western Zulia state as well as water rationing in Caracas to reduce demand on the power grid, a day after Ford Motor Co. halted production in Latin America’s largest oil exporter.
The second-largest U.S. automaker joins competitor Toyota Motor Corp. and Dutch truck-maker CNH Industrial NV in suspending assembly in the South American country because of the difficulty of obtaining dollars to import parts from the government.
