SAO PAULO ‚Äď Chery President Yen Tongyao says he‚Äôs upbeat about Brazil‚Äôs maturing automotive industry. ‚ÄúOur plan is not just to manufacture cars, but to innovate in Brazil,‚ÄĚ he says. Yen‚Äôs comments came as he visited Brazil to launch Chery‚Äôs factory in Jacarei, 50 miles (80 km) from Sao Paulo, where the Chinese auto maker plans to produce the Fulwin model. Chery expects to generate 1,200 to 1,500 jobs at the new plant. Its rival JAC also is investing heavily in Brazil, buying ...
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