DaimlerChrysler’s chief financial officer Bodo Uebber has said that the group’s Smart brand will break even in 2007, according to Reuters.

The news agency noted that Smart has not made a profit since it debuted in 1998, although its loss ‘narrowed’ in 2005, from around €600m in 2004.

The improved financial position is expected to come from reducing costs.

Uebber added that the company is in no rush to sell cars in the US.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.