DaimlerChrysler intends to take full ownership of the joint-venture plant with Mitsubishi that produces engines for the Smart forfour and the Mitsubishi Colt.

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]

I'm reporting this comment as:

Reported comments and users are reviewed by Autoblog staff 24 hours a day, seven days a week to determine whether they violate Community Guideline. Accounts are penalized for Community Guidelines violations and serious or repeated violations can lead to account termination.

    • 1 Second Ago
  • From Our Partners

    You May Like
    Links by Zergnet
    Share This Photo X