The London based Times newspaper website reports that Dieter Zetsche, chairman of Daimler and its Mercedes-Benz and smart car division, presented the latest smart fortwo to politicians and administrators in Washington, DC. He revealed some interesting facts.
smart has had a six-month sales tour around the US and has focused its campaign on the internet, inviting $99 deposits. More than 30,000 people signed up and so far more than 90% have converted these deposits into firm orders. Penske originally estimated US sales at 16,000 per year, but at the current order rate Mercedes will have difficulty meeting US demand. It’s a good problem for smart to have – not long ago it was losing money and Daimler considered closing it. Now, said Zetsche, smart has turned the corner: “It’s profitable, but not highly profitable.”

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