Daimler and Geely to develop next generation Smart car

BERLIN: Mercedes-Benz maker Daimler and Chinese auto giant Geely announced plans Thursday to develop the next generation of electric Smart cars to be made in China in a joint venture.

The new Smart cars will be styled by the Mercedes-Benz Design network with engineering provided by Geely. The Smart car will then leave its historic home in France to be manufactured in China, but Daimler insists no jobs will be lost."None of our colleagues at Smart will lose their jobs as a result of these decisions," said Daimler boss Dieter Zetsche in a statement."After all, these changes are not ending for Smart - but a new beginning."

Car Car Latest News, Car Car Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Daimler taps Goldman to raise China BAIC shareholdingsourcesDaimler has asked Goldman Sachs to help it explore increasing its stake in Chinese carmaker BAIC Motor Corp, its main China joint venture partner, ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »

Money FM podcast: Chasing Cars: Monster cars for monster budgetsPODCAST: This week on ChasingCars, MoneyFM89.3's ClaressaMonteiro and JulianKho from sgcarmart talk about the AudiQ8, VolvoXC90 and PorcheCayenne and which they would most recommend a serious look at if you are into big SUVs. btpodcast
Source: BusinessTimes - 🏆 15. / 51 Read more »