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Last updated on April 17, 2014 at 12:21 EDT

Latest Gurgel Stories

2005-10-31 14:17:39

By Todd Benson SAO PAULO, Brazil (Reuters) - When a little-known company from California placed a $1 billion order for Smart minicars from DaimlerChrysler last spring, the struggling auto giant said thanks, but no thanks. So the company, an environment-conscious alternative vehicles distributor called ZAP, went shopping, and found what it was looking for -- in Brazil. There, a small start-up called Obvio! was busy developing a sporty and economical minicar for export. Desperate for...

2005-10-31 09:45:00

By Todd Benson SAO PAULO, Brazil -- When a little-known company from California placed a $1 billion order for Smart minicars from DaimlerChrysler last spring, the struggling auto giant said thanks, but no thanks. So the company, an environment-conscious alternative vehicles distributor called ZAP, went shopping, and found what it was looking for -- in Brazil. There, a small start-up called Obvio! was busy developing a sporty and economical minicar for export. Desperate for lucrative minicar...