DaimlerChrysler's struggling Smart division
GERMANY: Decision on Smart sales in US likely to be positive
DaimlerChrysler chief executive Dieter Zetsche has told a German newspaper that it seems likely that Smart cars will be sold…
Smart managers agree job cuts
Management at DaimlerChrysler's loss-making Smart unit has reached an agreement with its works council over 300 job cuts in Germany,…
SOUTH KOREA: Hyundai’s president will be arrested
Prosecutors in South Korea have decided to arrest Hyundai Motor chairman Chung Mong-koo, according to Reuters. Shares fell 3% after…
GERMANY: DaimlerChrysler AGM hears Zetsche’s profitability goals
DaimlerChrysler expects an improvement in profitability in fiscal year 2006, with continuing increases in operating profit during the following years,…
GERMANY: Further Smart restructuring to axe ForFour, cost EUR1bn
DaimlerChrysler has ended speculation that it will sell Smart and announced that it will invest EUR1bn in the division to…
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GERMANY: Smart to break even in 2007
DaimlerChrysler’s chief financial officer Bodo Uebber has said that the group’s Smart brand will break even in 2007, according to…