DaimlerChrysler To Disolve Smart As A Seperate Legal Entity

FORBES, STUTTGART GERMANY - - For the accountants among you, Forbes is reporting today that DaimlerChrysler AG will dissolve Smart GmbH as a separate legal entity by the end of the year, in an effort to better integrate smart's production activities with the Mercedes Car Group.According to Ulrich Walker, head of smart: "Smart GmbH will no longer exist by year-end." Walker added that dissolving smart GmbH will have no immediate effect on smart's employees or on Boeblingen town, home of smart's research center as well as 1,300 smart employees.

[Source: eMercedesBenz]