(CBS News) General Motors (GM) says it has halted operations in Venezuela after authorities seized a factory.

The plant was confiscated on Wednesday in what GM called an illegal judicial seizure of its assets.

The Detroit automaker says in a statement Thursday that other assets such as vehicles were taken from the plant, causing irreparable damage.

GM says the plant was taken in disregard of its right to due process. The company says it will defend itself legally, and it’s confident that justice eventually will prevail.

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