The last smart forfour has rolled off the production line.

Mitsubishi Motors and DaimlerChrysler reached an agreement on the demise of the smart forfour which saw production at MMC's NedCar plant in the Netherlands end on Friday.

All of MMC's stake in MDC Power GmbH, a 50/50 joint venture engine plant with DaimlerChrysler in Kölleda Germany, will be transferred to DaimlerChrysler.

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