DaimlerChrysler has felled"> DaimlerChrysler has felled"> DaimlerChrysler has felled">
  • Mar 25, 2006

DaimlerChrysler has felled the axe on the SMART ForFour. The Netherlands-assembled four door built in conjunction with Mitsubishi Motors will go by the wayside as part of the brand's 1 billion Euro ($1.2B USD) restructuring effort.

The unusual-for-a-Saturday announcement heralding the demise of the ForFour means that a second model is exiting SMART showrooms (the SMART Roadster has just been sold to Project Kimber), leaving the original micro-sized ForTwo to soldier on alone.

DCX announced earlier this month that it expects to level Smart's serially-red balance sheets in 2007.

[Source: Reuters UK and SMART]



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    • 1 Second Ago
  • 5 Comments
      • 8 Years Ago
      I think this is a good move. The forfour doesn't make any sense...it's more a rebadged Mitsubishi than anything. It's FWD and not terribly unique.
      • 8 Years Ago
      Well, so much for the ForFour coming to the U.S.!
      • 8 Years Ago
      I think this is a good move. The forfour doesn't make any sense...it's more a rebadged Mitsubishi than anything. It's FWD and otherwise not terribly unique.
      • 8 Years Ago
      Looks like Mitsubishi is going to have some nice excess production capacity for Colt cars.

      Wonder if they'd like to sell them in the United States and really surprise everyone else?

      I believe the Colt is quite a lot larger inside than one thinks.

      Wouldn't this make a great competitor to Scion?

      Perhaps Mitsu could badge them as "Colt" just as Scion is a different badge. In some markets, Mitsu did not try to use their name originally, but sold their cars as "Colt" (I think the UK is one place where they did this 20 or so years ago).
      • 8 Years Ago
      Aahhh, can someone please update this post so that it doesn't refer to "red" balance sheets? It's the income statement that is red or black... thanks :)