Kuwait, the second-largest shareholder of DaimlerChrysler, is increasing pressure on the German-U.S. automaker to sell its loss-making Smart division, according to Dutch automotive site Auto Internationaal. Mohammed al-Saad, spokesman for the country’s Investment Authority said he does not believe it’s possible to turn the brand around, and he thinks the only smart move is to sell it. In November, Smart was said to be considering selling Smart. Later, it was reported that DaimlerChrysler might sell the rights to Smart Roadster and Smart Coupe separately from the other models. However, CEO Dieter Zetsche has said he favors selling Smart as a complete entity.
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