Penske to sell upto 25,000 Smart cars in U.S.

Newswire

By Jui Chakravorty DETROIT, Oct 25 (Reuters) - Penske Automotive Group expects to sell up to 25,000 two-seat Smart cars in the United States next year, as the dealership chain remains on track to launch the car in the first quarter of 2008. Penske Automotive Chairman and Chief Executive Roger Penske said on a Thursday conference call the retailer had 35,400 reservations for the Smart car, produced by the Mercedes division of German automaker Daimler AG . "We currently expect to sell ...

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