Big investor urges Daimler to dump Smart -Bloomberg

Newswire

FRANKFURT, Jan 25 (Reuters) - DaimlerChrysler's biggest single shareholder, the Kuwait Investment Authority (KIA), urged the carmaker on Wednesday to dump its loss-making Smart minicar business. "I think Daimler hasn't been successful with Smart and it has been dragging the revenue of the company so at one stage they have to get rid of this company," KIA Managing Director Bader al-Saad told Bloomberg TV. "I don't think they have been successful in reforming the Smart operation, so the ...

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