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Mexico’s only Ferrari dealership hides cars after violent protests and looting erupt

January 7, 2017  |  Posted by: JammedUp Staff
Mexico’s only Ferrari dealership hides cars after violent protests and looting erupt

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Widespread violent protests and looting sparked by outrage over rising gas prices which have turned deadly have prompted Ferrari to withdraw its vehicles from it’s the only dealership in Mexico.

According to Forbes Mexico, the foreign car company removed Ferrari units from the authorized distributor in the affluent Polanco Colony in Mexico City out of fear of widespread looting.

Reports indicate the move would be temporary until the climate of nonconformity and looting in the Metropolitan city has calmed.

Looters invade a store in the Mexican port city of Veracruz on Thursday as protests against a gasoline price increase are being held in several parts of the country

The Italian automaker didn’t return calls by the publication seeking comment.

Anger has mounted over the Mexican government’s deregulation of fuel prices that eliminates subsidies and allows prevailing international prices determine fuel pricing in Mexico, which would reflect the actual costs of production.

The plan has led to an increase of 80 pesos or almost $4 for a gallon of gas, which is equal to the recently raised minimum wage for a day’s work.

Ferrari has withdrawn vehicles from its only dealership in Mexico amid nationwide protests and looting over fuel price hikes

The death toll from demonstrations has risen to six in recent days after two men died in looting-related incidents in central Mexico.

Gunfire erupted after police confronted protesters blocking a highway in the state of Hildago resulting in the deaths of the two men on Thursday, the Associated Press reported.

A police officer was killed trying to stop robberies at a gas station in Mexico City and an innocent bystander was struck and killed by a fleeing driver in the state of Veracruz.

Mexican authorities made 1,000 arrests after protests and looting erupted over gas price hikes

Officials also reported two people killed near the scene of looting in the port city of Veracruz.

Authorities have detained over a 1,000 people in the nationwide unrest.

Mexican President Enrique Pena Nieto acknowledged the outrage over the rising costs of fuel  during a televised address on Thursday, but insisted deregulation would move ahead regardless.

“I understand allowing gasoline to rise to its international price is a difficult change, but as president, my job is to precisely make difficult decisions now, in order to avoid worse consequences in the future, but keeping gas prices artificially low would mean taking money away from the poorest Mexicans, and giving it to those who have the most,” Pena Nieto said.

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