SMART Signs MoU On SMART Roadster Licence

British consortium to continue roadster model under different brand

Böblingen - Feb 21, 2006: smart and the British consortium ‘Project Kimber’ signed a Memorandum of Understanding (MoU) on Friday, 17 February 2006. The intention of the MoU is to draw up a contract within the next few months which would give Project Kimber the licence to redesign, produce and sell the former smart models roadster and roadster-coupé under a different brand. Additionally, the MoU includes the intention to purchase production equipment for both models that is not needed by smart anymore. In the frame of the restructuring and strategic realignment of smart, the discontinuation of production of the two models smart roadster and smart roadster-coupé was decided last year. During the Geneva Motorshow, starting next week, smart gmbh will present a final, limited special edition of the smart roadster and smart roadster-coupé, named ‘collectors edition’.