Even in the short term, Smart has recorded an operating loss of $702 million (previous fiscal year) and is the prime reason for lowering earnings at the Mercedes car group. Publicly, almost with blind conviction, Zetsche has supported turning around Smart, than selling it. But mirroring analysts’ and investors’ sentiments, the company’s shares rose 2% on a recent speculative report about the possible sell off plans of the business.
For complete IIPM click here
Source:- IIPM Editorial, 2006
For complete IIPM click here
Source:- IIPM Editorial, 2006
