DaimlerChrysler sets deal with MMC on Smart

Newswire

STUTTGART, Germany, June 30 (Reuters) - DaimlerChrysler has struck a deal on compensating Mitsubishi Motors Corp for dropping output of the Smart four-seat minicar at the Japanese carmaker's Dutch plant, Daimler said on Friday. "We have reached an agreement," a spokesman said without giving details of the accord. Daimler announced in March that the latest reorganisation of the Smart minicar business would cost it around 1 billion euros ($1.25 billion). The last ForFour model will roll ...

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