DaimlerChrysler Smart to stay in red in '05-paper

Newswire

FRANKFURT, Feb 24 (Reuters) - DaimlerChrysler's Smart minicar brand is expected to post another loss of around 600 million euros ($792 million) in 2005, a German paper reported on Thursday, citing company sources. But the Handelsblatt newspaper said the German-American group's supervisory board still supported efforts to reorganise the brand rather than shut it down or sell it. A company spokesman declined comment. Despite growing sales, Smart has not made a profit since the brand made ...

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