Daimler pulls the plug on Smart cars in North America GlobeBusiness
U.S. sales of a wide range of small cars have collapsed over the past several years as relatively cheap gasoline and a strong economy have encouraged consumers to buy larger trucks and sport utility vehicles.The Smart brand’s electric cars offered just 58 miles of driving range. Competing models such as the “mid-range” Tesla Model 3, with an estimated range of 264 miles, offered more range and more room for passengers and cargo. The range figures are from the U.S.
Daimler’s Mercedes-Benz brand, in a statement, cited “a number of factors” for the decision to end Smart’s run in the United States and Canada, “including a declining micro-car market in the U.S. and Canada, combined with high homologation costs for a low volume model.” Homologation refers to the changes required to bring the European-designed Smart in line with U.S. regulations.
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