The Ford F-150 has been the best-selling vehicle in the U.S. for 31 years. Amid rumors of a new version of the Ford truck, GM is readying pickup launches of its own as signs of a housing industry comeback signal increased demand for the heavy-duty vehicles.
The populist president was an ally of dictators like Cuba's Fidel Castro and loudly opposed the United States. Chavez claimed capitalism was destroying the world and tried to transform Venezuela into a socialist state.
The government of Venezuela announced today that President Hugo Chavez died at the age of 58.
Marketplace's Scott Tong reported on Chavez's legacy back in January. "Early on in his administration, Chavez took control of biggest piece of the economy: oil," Tong reported.
"He ran the place," Tong said today. "And several people I talked to said the Chavez model goes to the grave with him."
Read Tong's story on the economics of Chavez here.
Chávez, one of Washington's most intransigent adversaries, had served as the Venezuelan president since 1999.
Fred Butler has done many things in his 106 years, from serving in two military theaters of World War II to helping raise five children. But he had never gone to high school, or earned a diploma — the result of leaving school after the eighth grade to work full-time in a print shop to help support his family.