Focusing on the smart fortwo

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Focusing on the smart fortwo

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Focusing on the smart fortwo - 3/26/2006 10:38:21 PM

MidnightBlueNeon

Posts: 112
Joined: 6/7/2005
From: Tallahassee, Florida but missing Fort Myers
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DaimlerChrysler Media

Focusing on the smart fortwo

New smart fortwo to be launched in 2007

Cancellation of production of smart forfour intended, subject to negotiations with Mitsubishi Motors Corporation (MMC) and other partners

Sustainable profitability confirmed

Stuttgart, Mar 25, 2006
DaimlerChrysler AG is planning to focus on the smart fortwo to ensure the long-term sustainability of its smart brand. Thus, the profitability of smart will be confirmed, with positive results expected from 2007 onward.

The planned measures for a further enhancement of the business modell of smart include the following items:

The clear focus on the smart fortwo; the intention to cancel production of the smart forfour; the manifestation of smart and especially the smart fortwo as a long-term and important part of DaimlerChrysler’s product portfolio; as well as the complete integration of smart into the Mercedes organization.

Overall, these measures are likely to result in a headcount reduction of 300 employees at smart in Böblingen. The smart forfour is produced by MMC through its wholly-owned subsidiary Netherlands Car B.V. (Nedcar) in Born, Netherlands. The cancellation of the forfour production is still subject to negotiations to be carried out with MMC and all other partners.

The measures described above are still subject to approval by both the Board of Management and the Supervisory Board of DaimlerChrysler AG. The cost for DaimlerChrysler related to these measures are estimated to be in the magnitude of approximately €1 billion.

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RE: Focusing on the smart fortwo - 3/26/2006 11:14:48 PM

BlackWolf

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Joined: 9/6/2005
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so they are killing the Smart for four? The fortwo looks so funny. Like a toy car. More like a street legal go-kart. well anyone with a big family shouldn't have a smart car anyways as the primary vehicle. Remember I heard these cars are fairly safe but you can be scrapped by even a Mini so be careful.

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(in reply to MidnightBlueNeon)

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RE: Focusing on the smart fortwo - 3/27/2006 3:48:57 AM

Poweron