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]