Daimler is to bring its Smart car to Brazil, with plans to roll out the brand across South America, according to German press reports.
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The Financial Times Deutschland said yesterday (23 October) that the German carmaker will test the car brand in Sao Paulo next year. It will then take a decision on whether to roll it out in Brazil.
The paper reported that other cities in South America had also been identified as being possible markets for the car, although no decisions had been made yet.
Yesterday, Daimler reported a third quarter net profit of EUR213m compared with a net loss of EUR1,533m a year ago as unit sales dropped 3% to 522,500 cars and revenue fell 7% to EUR23.8bn.
The Q3 result was adversely affected by costs associated with the sale of Chrysler to Cerberus.
