- Apr 22, 2006
DaimlerChrysler wants Smart fourfour engines all to itself
As it stands, ownership of the eastern Germany facility is a 50-50 split between DCX and Mitsubishi, but it is likely that plans to stop forfour production have led to the Federal Cartel Office application to take over 100 percent. The two companies are still going back-and-forth over remunerations as a result of the Smart's demise, as the agreement had been scheduled to run until 2010.
[Sources: MarketWatch; Smart]