Our Man in Brazil, Fernando Calmon, reported this week on an interesting development that sees seasoned local importer, assembler and distributor CAOA Group join with Chery to manage Chery's factory in Sao Paulo, Brazil. The deal is valued at around US$60m for CAOA to acquire 50% of the Chinese brand's Brazilian operations including the Jacarei plant, in the Greater Sao Paulo area; importation and sales are included.