Business

A Daimler AG Smart ForTwo Car2Go car-sharing automobile sits parked on a street in the Bushwick neighborhood in Brooklyn, New York.

Victor J. Blue | Bloomberg | Getty Images

German automaker Daimler will stop selling its all-electric Smart EQ fortwo cars in the United States and Canada, according to a media report.

The company will stop selling Smart in the two countries after its 2019 model year, according to TechCrunch. The media outlet confirmed the information with the company after learning of the decision from two people familiar with the decision.

“After much careful consideration, smart will discontinue its battery-electric smart EQ fortwo model in the U.S. and Canadian markets at the conclusion of MY2019,” a Daimler AG spokesperson told the outlet. “A number of factors, including a declining micro-car market in the U.S. and Canada, combined with high homologation costs for a low volume model are central to this decision.”

A spokesman for Daimler did not immediately respond to an emailed request for comment.

MBUSA and Mercedes-Benz Canada will provide services and replacement parts to consumers who own a Smart fortwo car, the report said.

The news comes as Daimler prepares to further develop its Smart vehicles in China, where global sales are expected to start in 2022.

Read the full report from TechCrunch here.

Products You May Like

Articles You May Like

Gen Z shoppers grew up online but don’t like to shop there. This holiday, they’ll be at the mall
Forbes reveals China’s 10 richest people
Hedge fund manager Ray Dalio says the economy isn’t growing because ‘the world has gone mad’
Qualcomm stock spikes after licensing business propels earnings and revenue past estimates
Everything Jim Cramer said on ‘Mad Money,’ including stocks for kids, Starbucks hiring veterans

Leave a Reply

Your email address will not be published. Required fields are marked *