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  • Smart car doesn't look too clever

    02/18/2005 7:45:39 AM PST · by add925 · 132 replies · 2,865+ views
    Thisislondon.co.uk ^ | 2/16/05 | add925
    IT'S Smart but it's certainly not clever, and it has cost Daimler-Chrysler more than e2bn (£1.4bn) since its launch. Now the question is: how much longer will the carmaker continue to underwrite the underperforming Smart car? Heralded as the future of urban personal transport when it was launched in 1998, the car was environmentally friendly, ergonomically appealing and space efficient. But DaimlerChrysler's unique minicar has been revealed in the German media as a costly failure with 2004 losses of about e600m, making the overall dent in its creator's pocket up to e2bn.