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Subject:  DaimlerChrysler's Smart Move Date:  3/29/2006  3:42 PM
Author:  TMFTwitty Number:  602 of 627

DaimlerChrysler's Smart Move
By Tarek Sultani
March 29, 2006

DaimlerChrysler (NYSE: DCX) announced that it will spend roughly $1.2 billion to fix its Smart car unit. The plan involves ceasing production of Smart's four-seater model, which was once the vehicle the company hoped would bring the Smart unit into the black. DaimlerChrysler also announced that it will cut 300 jobs from Smart's headquarters in Boblingen, Germany.....
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