smart: Seeking Strong, Steadfast Partner; Must Have Good Cash Flow
Over the course of the past year, DaimlerChrysler's smart division (lower case intentional) has had a lifeline wilder than energy stocks. The brand first came under fire when financial advisor MorganStanley urged DCX executives to axe the loss-making brand. Dodging the bullet, smart was forced to restructure, slimming down its portfolio, ending production of its sporty two-seat roadster and canceling its formore compact SUV. Even worse, despite efforts to show its products at major U.S. auto shows, uncertain demand and the lack of the formore means that California's ZAP (Zero Air Pollution) has beaten the official importers in selling the bite-sized fortwo - or at least getting clearance to do so.












