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United States Foreign Investment Brazil

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December 14, 1997 | CHRIS KRAUL, TIMES STAFF WRITER
Brazil's economic turmoil last month caused Chrysler regional manager Dennis Kelly to stop and reconsider the auto maker's plans to build a $315-million factory here--for "less than four seconds." Despite the turbulence in Brazil's financial markets, a run on the currency and an austerity program that is already causing economic hardship and labor unrest, Chrysler is forging ahead with its giant truck assembly plant in Parana state north of here. "It was never an option to stop.
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BUSINESS
December 14, 1997 | CHRIS KRAUL, TIMES STAFF WRITER
Brazil's economic turmoil last month caused Chrysler regional manager Dennis Kelly to stop and reconsider the auto maker's plans to build a $315-million factory here--for "less than four seconds." Despite the turbulence in Brazil's financial markets, a run on the currency and an austerity program that is already causing economic hardship and labor unrest, Chrysler is forging ahead with its giant truck assembly plant in Parana state north of here. "It was never an option to stop.
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