( What would a PEUGEOT/SMART look like? )
DaimlerChrysler's Smart unit mulls cooperation with Peugeot
FRANKFURT : German-US auto giant DaimlerChrysler hopes to turn around
its loss-making Smart unit by establishing a close partnership between
the ultra-small car and French car maker Peugeot, the Sueddeutsche
DaimlerChrysler hopes to work together with Peugeot to develop two- and
four-seater small cars, the newspaper said, quoting sources close to the
At the same time, DaimlerChrysler would, in the medium term, end its
cooperation with Japanese maker Mitsubishi Motors (MMC) which builds the
four-seater Smart in the Netherlands and the Mitsubishi Colt, the
DaimlerChrysler is looking for a partner for the Smart car because unit
sales are not sufficient to achieve favourable production costs at present.
The German-US giant had said last month that it intended to hold onto
the trendy Smart, but that the unit, which has always made a loss, must
improve its performance.
Sueddeutsche Zeitung said the Smart division would run up a loss this
year of more than 400 million euros (520 million dollars).
1 HP = 745.69987158227022 Watts
1 PS = 735.49875 Watts
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