UPDATE 1-DaimlerChrysler board approves Smart revamp plan

Newswire

(Adds quote, background, share price) FRANKFURT, March 30 (Reuters) - DaimlerChrysler's supervisory board approved on Thursday a plan to scrap the four-seat Smart car model in yet another costly overhaul of the loss-making minicar unit, it said. The world's fifth-biggest automaker had said on Saturday it planned to halt output of the Smart ForFour and focus solely on the two-seat model in a reorganisation that will cost around 1 billion euros ($1.20 billion) and 300 Smart jobs in ...

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