DaimlerChrysler board approves Smart revamp plan

Newswire

FRANKFURT, March 30 (Reuters) - DaimlerChrysler's supervisory board approved on Thursday a plan to scrap the four-seat Smart car model in an overhaul of the loss-making Smart minicar unit, it said. "The governing bodies of DaimlerChrysler AG have approved measures related to the company's focus on the Smart fortwo, including the intention to cancel production of the Smart forfour," a statement said. The world's fifth-biggest automaker said on Saturday it planned to halt output of the ...

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