UPDATE 1-Latest Smart revamp to cost Daimler 1 bln euros

Newswire

(Adds quotes, background) FRANKFURT, March 25 (Reuters) - DaimlerChrysler plans to halt production of its four-door Smart car and focus solely on the loss-making minicar business's two-seat version, it said in a statement on Saturday. The move is subject to negotiations with Mitsubishi Motors Corp , which makes the ForFour model at a plant in the Netherlands, and approval by Daimler's supervisory board. The reorganisation would cost around 1 billion euros ($1.20 billion) and cut 300 ...

Premium Content (PAID Subscription Required)

"UPDATE 1-Latest Smart revamp to cost Daimler 1 bln euros" is part of the paid WardsAuto Premium content. You must log in with Premium credentials in order to access this article. Premium paid subscribers also gain access to:

  All of WardsAuto's reliable, in-depth industry reporting and analysis
  Hundreds of downloadable data tables including:
  •   Global sales and production data by country
  •   U.S. model-line inventory data
  •   Engine and equipment installation rates
  •   WardsAuto's North America Plant by Platform forecast
  •   Product Cycle chart
  •   Interrelationships among major OEMs
  •   Medium- and heavy-duty truck volumes
   •  Historical data and much more!


For WardsAuto.com pricing and subscription information please contact
Amber McLincha by email: amclincha@wardsauto.com or phone: (248) 799-2622
 

Current subscribers, please login or CLICK for support information.

Already registered? here.

Sponsored Introduction Continue on to (or wait seconds) ×