Cordes predicts Smart will break even in 2007. Senior Daimler executives will meet in April to discuss a strategic review of Smart’s future. Chief executive Jurgen Schrempp has ruled out closure. There is speculation Volkswagen may become involved, although it denies interest.
Schrempp says Smart adds ‘sympathy’ to DaimlerChrysler and helps the group reach voluntary European emissions targets. ‘Smart is a great vehicle,’ he said. ‘We just have to get it right.’