If the automakers don't comply, Chavez basically stated that he will eject them from his socialist utopia in favor of automakers from countries he's more friendly with. AP quotes him as saying, "I invite you to pack up your belongings and leave. I'll bring in the Russians, the Belorusians, the Chinese."
At least he didn't openly threaten to nationalize them (yet), as he's wont to do with pretty much any other private enterprise he thinks he could run better. Yeah, this'll definitely end well. Thanks to Roy for the tip.
[Source: AP via Yahoo! News | Image: AFP/Getty]