Chery digs in for the long haul in Brazil
By Jose Sergio Osse | China Daily | Updated: 2011-08-20 07:52
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A car made by Chery Automobile Co on display at the Shanghai International Automobile Industry Exhibition. Chery may see "insignificant" profit margins in Brazil in the next decade. Cheng Qianjun / for China Daily |
SAO PAULO, Brazil - Chery Automobile Co, China's biggest auto exporter, may see "insignificant" profit margins for the next decade in Brazil, where the company is attempting to triple its market share by 2015, said Luis Curi, the chief executive officer of the Brazilian unit.
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