DaimlerChrysler to make SMART move in U.S.

The Wall Street Journal is reporting that DaimlerChrysler will announce next week that the SMART fortwo will be launched in the U.S. as early as next year. CEO Dieter Zetsche is reportedly hoping that U.S. sales could help SMART turn a profit, which it has failed to do for DaimlerChrysler since its inception in 1998. WSJ says that an agreement has been reached with a U.S. distributor to sell the SMART car in major metropolitan markets on the East and West coasts where small car sales are strongest. Though the exchange rate is not in DCX's favor, the company is hoping that high gas prices will make its tiny car attractive to consumers.

[Source: Wall Street Journal via Winding Road]

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