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SMART Car History

''smart'' (short for Swatch Mercedes ART, sometimes called the ''MCC smart'') is a brand of microcar based in Böblingen. The original smart was a very small two-seater, but a coupé convertible and hatchback have been added, extending the brand into a true marque, part of DaimlerChrysler as Micro Compact Car GmbH. The company name was changed to '''smart GmbH''' in September 2002.
The smart fortwo is manufactured at Smartville, a purpose-built factory complex in Hambach, Lorraine France, established in 1994 as a joint-venture of Daimler AG and the Swiss watch manufacturer Swatch.
The project was originally supported by Swatch, and was nicknamed the "Swatchmobile". The car was supposed to use innovative features (such as a hybrid engine) and to be an affordable car for young people. Its purpose was to "transport two people and a case of beer" (later replaced by a case of water).
Being inexperienced in automobiles, Swatch CEO Nicolas Hayek sought an established car maker to produce his Swatch car, and found a partner in Volkswagen. Plans never reached a final stage so Swatch teamed up with Daimler-Benz. The car proved to be far from expectations: technology was conventional and it was more expensive than most small 4-seater cars sold in Europe. The joint venture experienced heavy losses and Swatch pulled out.
In 2005, Daimler AG decided against purchasing a 50% share in the NedCar plant used to manufacture the forfour. Daimler also halted development on the forfour and decided to discontinue production of the smart Roadster.

 Information courtesy of Duttondirect

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