Monday, August 14, 2006

Smart ForTwo will be shown in frankfurt [November 5]


FRANKFURT(Dow Jones) - - - German-U.S. automaker DaimlerChrysler AG (DCX) will present the new version of its Smart 'fortwo' model Nov. 9 in Stuttgart, a company spokesman said Monday.

DaimlerChrysler in March decided to cease production of Smart's four-seater model, named forfour, and focus solely on the tiny two-seater model.

Following a wide-ranging restructuring program at the division, DaimlerChrysler aims to reach break-even at Smart next year, nearly a decade after the brand's market launch in October 1998.

DaimlerChrysler in June had confirmed plans to launch the ultra-compact car in the U.S. at the beginning of 2008, in coop eration with retailer United Auto Group Inc. (UAG).

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