New Daimler CEO could clip Smart's wings -source

Newswire

FRANKFURT, Aug 1 (Reuters) - Mercedes Car Group's loss-making Smart microcar arm could find its independence under threat with the appointment of Dieter Zetsche as DaimlerChrysler's chief executive, a supervisory board source said on Monday.

Long a pet project of outgoing Daimler CEO Juergen Schrempp, the unit has racked up significant losses since production began in 1998. Last year alone it was ...

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