Saturday, October 08, 2005

New business model for smart

- Goal for smart: Breakeven in 2007
- Restructuring expenses of up to €1.2 billion
- DaimlerChrysler: Operating profit in 2005 still expected to slightly exceed the prior-year result of €5.8 billion, excluding exceptional charge from smart

Stuttgart - On March 31, 2005, the Board of Management of DaimlerChrysler AG discussed a new business model for the smart business unit of the Mercedes Car Group. This concept will be further developed in detail in the coming weeks and, as announced at the annual press conference on February 10, will be submitted to the Supervisory Board of DaimlerChrysler AG for a decision at the end of April.

Read full article here.

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