March 27, 2006
New Smart Fortwo to be launched in 2007; Forfour cancelled
Stuttgart, Germany – Mercedes-Benz has announced that it will focus on its Smart Fortwo to ensure the long-term sustainability of the brand, with a new version of the two-seater microcar to be launched in 2007. The company says that its planned measures are expected to produce positive results from 2007 onward; the brand has yet to turn a profit for the automaker.
Among the planned measures are cancellation of the Smart Forfour four-passenger model, subject to negotiations with Mitsubishi Motors Corporation and other partners; the manifestation of Smart, especially the Fortwo, as a long-term and important part of DaimlerChrysler’s product portfolio; and the complete integration of Smart into the Mercedes organization.
Overall, the measures are likely to result in a loss of 300 employees at the company’s B