Chung says Hyundai has ‘long way to go’ in Brazil push

Hyundai Motor Group Executive Chair Chung Euisun said the automaker still has significant progress to make in Brazil despite being on track to sell more than 200,000 vehicles there for a third straight year, as the group unveiled plans to expand its business in the South American country.

“There is still a long way to go,” Chung told reporters Tuesday at a Korea-Brazil business roundtable held in Sao Paulo, when asked about Hyundai's sales prospects in Brazil.

“Chinese companies are also pushing ...