Detroit, Michigan, USA / Böblingen, Germany, June 28, 2006
Dieter Zetsche, Chairman of the Board of Management DaimlerChrysler AG (NYSE: DCX) and head of Mercedes Car Group today announced that the unique and urban-friendly smart brand will enter the U.S. market. Beginning in 2008, the successor to the smart fortwo will be available in U.S. markets in three models. The U.S.A., as the world's largest automotive market, will be the 37th market for smart.
The Parties have agreed on the framework for the exclusive distribution of smart vehicles by international automotive retailer UnitedAuto Group, Inc. (NYSE:UAG). UnitedAuto will be responsible for awarding potential dealers and developing and maintaining a smart vehicle dealership network throughout the United States and Puerto Rico.
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