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DaimlerChrysler supervisory board approves cancellation of Smart ForFour (Daimler-Aufsichtsrat stoppt Smart ForFour).

Europe Intelligence Wire

| March 31, 2006 | COPYRIGHT 2003 Financial Times Ltd. (Hide copyright information)Copyright

(From Die Welt)

The supervisory board of DaimlerChrysler, the German-US automobile group, has approved the second stage of the restructuring programme for Smart, the group's loss-making compact car brand. A declaration of intent has been signed with Japanese partner Mitsubishi Motors to come to an agreement on stopping production of the Smart ForFour. The four-seater model is built at the companies' joint work in Born, the Netherlands.

DaimlerChrysler will then …

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