VIENNA — “You can hardly talk about growing markets; they are dwindling markets,” says Herbert Demel, president of Volkswagen do Brasil, during a visit to the Technical University here to talk about the current situation of the South American car industry. The Brazilian car industry operated at 44% of capacity in 1999. Demel only expects a slight increase — 45% this year and 48% in 2001. “We are optimistic that in 2003 we will be where we left off in 1997,” Demel says. “At the moment, ...
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