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Europe: Daimler Starts Production Of Electric-Powered Smart Beating BMW

Daimler AG (DAI), the third-biggest maker of luxury vehicles, started sales and production of its first mass-market electric car today, beating Bayerische Motoren Werke AG (BMW) with the introduction of an emission-free model.

Daimler began assembly of the Smart Fortwo electric drive at a factory in Hambach, France, which is being upgraded for more than 200 million euros ($251 million), the Stuttgart, Germany-based company said in an emailed statement. Deliveries will start later this year.
“We are making significant investments in the Hambach site” for the electric-powered Smart and the next generation of the city car, Annette Winkler, head of the Daimler’s small-car brand, said in the statement. “I am convinced that this is money extremely well invested.”
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