Daimler says Brazil investments depend on forex

Newswire

SAO BERNARDO DO CAMPO, Brazil, Nov 24 (Reuters) The chief executive of DaimlerChrysler AG joined a growing chorus of manufacturers on Friday who have complained that Brazil's strong currency will pinch profits and may cut future investments in the country. Though Dieter Zetsche praised Brazil as a longtime success story for the German automaker, he said the exchange rate was limiting DaimlerChrysler's ability to increase exports from the South American country. "We will not stop ...

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