DaimlerChrysler AG is taking aggressive steps to right its Smart GmbH unit. The auto maker says it will take a charge of €1.2 billion ($1.56 billion) to account for the restructuring, which will reduce Smart’s workforce by 700 people within the next two years. DC plans to realign Smart’s model range, eliminating the Roadster at the end of this year and discontinuing development of the Formore cross/utility vehicle. Engineering and development work for the redesigned Fortwo city car ...

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