Latest Car News From DIGIADS

Latest Car News

New Car Review Areas

General Car Topics

Mitsubishi Motors Corporation and DaimlerChrysler AG have signed agreements concerning the production halt of the smart forfour


July 2006
 Filed under: MITSUBISHI Car News | MITSUBISHI Headlines
Tokyo, June 30, 2006 — Mitsubishi Motors (MMC) and DaimlerChrysler (DC) have signed agreements concerning the end of production of the smart forfour model and have completed the proceedings today. The model has been produced at MMC's European production facility Netherlands Car B.V. (NedCar: Born, the Netherlands). Negotiations over the production halt began at the end of March this year.
1. Main details of the agreements

1. Production of the smart forfour at NedCar will cease at the end of June.
2. All of MMC's stake in MDC Power GmbH, a 50/50 joint venture engine plant with DC in Kölleda Germany, will be transferred to DC.

2. Effects on MMC's fiscal 2006 earnings

Due to compensation from DC related to the end of smart production as well as other factors, MMC will leave fiscal 2006 earnings projections (consolidated and non-consolidated) unchanged.

MMC currently produces the Colt at NedCar and announced at the end of March this year that the company will continue Colt production despite the production halt of the smart forfour.

Source: Mitsubishi Motors

Latest MITSUBISHI Headlines

Latest Car News

All images courtesy of and copyright their respective manufacturers, unless otherwise indicated. They may not be reproduced or retransmitted in any way without the express written permission of their respective owners. All trademarks are the property of their respective owners. Model news and specifications are presented as provided by manufacturer, and do not necessarily reflect the opinions of DIGIADS. No warranty is made by DIGIADS with respect to the accuracy or timeliness of the information contained herein.
Copyright © 2000-2024 DIGIADS Australia All Rights Reserved. Contact Us
Designated trademarks and brands are the property of their respective owners. Use of this Web site constitutes acceptance of the DIGIADS Privacy Policy and User Agreement. 		Loading...