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…

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…