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New models - Smart

ForMore no more

Forgone: The SUV version of the ForFour small car has been canned.

Proposed SUV axed as Smart reorganises and re-prioritises to stem losses

8 Apr 2005

ENDING months of speculation over the future of its Smart brand, Mercedes-Benz has announced it intends to implement a massive restructuring program for its micro-car brand that includes terminating the Roadster and 4WD (ForMore) models.

The DaimlerChrysler board will confirm the arrangements at the end of this month, however the new business model calls for "intensified" development that would see the next-generation Smart ForTwo tailored for the United States market and its forthcoming three-cylinder petrol engines offered to other manufacturers.

Restructuring expenses of up to 1.2 billion Euros are being budgeted for, with the aim of Smart reaching break-even – not breaking – point in 2007.

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