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Jan 14, 2008 06:01
smart USA Announces U.S. Dealer Network
smart fortwo to Debut at Dealerships Beginning This Month
BLOOMFIELD HILLS, Mich. --(Business Wire)-- Jan. 14, 2008 smart USA
Distributor LLC, a subsidiary of Penske Automotive Group, Inc.,
(NYSE: PAG), is pleased to announce its dealership network of 74
smart dealerships across the United States. In the U.S.,
68 dealers located in 31 states have been certified by smart USA
as ready for business and are expected to begin retailing vehicles
in January, subject to licensing and other required approvals. The
remaining six dealerships are expected to commence retailing
vehicles throughout 2008 upon completion of their facilities and
obtaining licensing approval.
"We carefully selected dealers across the country who can best
represent the smart brand," said Dave Schembri, president of smart
USA. "Each dealer participated in our detailed qualification
process, including an assessment of reputation for exceptional
customer care.
We are very pleased with our dealership network and we welcome
our dealers to the smart family."
smart USA dealerships will be branded as "smart center" with the
city name (for example - the dealership in Beverly Hills, California
will be called - smart center Beverly Hills). The exterior will
feature a distinctive black facade with a dramatic entrance
featuring the smart logo overhead. Each showroom will showcase
multiple vehicles and will sport the brand's signature black, yellow
and white logo colors. The ceiling, walls and floor will be
brilliant white so the cars are the center of attention on the
showroom floor. Other dealership features include open sales
consultation stations, a tridion safety cell and a smart boutique
where customers may purchase the latest in smart merchandise.
Dealers will sell three trim levels of the smart fortwo. The pure
coupe will retail starting at $11,590(a), the passion coupe will
retail starting at $13,590(a) and the well-equipped passion
cabriolet will retail starting at $16,590(a). Complete information
about pricing, standard equipment and options can be found at
http://www.smartusa.com.
Anticipated opening dates for authorized smart USA dealerships
are indicated below and are subject to change. An updated list of
authorized dealerships can be found on the company's website at
http://www.smartusa.com.
Please contact each individual dealership for additional
information, including exact opening dates.
(a) Expected prices exclude tax, license, registration,
destination charge and options.
ABOUT the smart fortwo and smart USA
The smart fortwo is manufactured by the Mercedes-Benz Cars and is
a Daimler brand. This technologically advanced vehicle achieves
40-plus mpg on the highway and is an ultra-low emissions vehicle.
The vehicle is 8.8 feet long, 5.1 feet tall and 5.1 feet wide and
comes equipped with many functional and safety features found in
most luxury models. smart is currently sold in 36 countries, and
more than 850,000 smart fortwos have been sold since 1998.
The smart fortwo is available in three trim levels. The
entry-level pure will start at $11,590(b), manufacturer's suggested
retail price (MSRP), with standard convenience features such as a
5-speed automated manual transmission with manual or automatic mode,
central remote locking system, 2-spoke leather steering wheel, and a
radio-ready console. The well-equipped passion coupe, expected to
start at $13,590(b) MSRP, includes all the standard features
described on the pure, plus a panorama roof, alloy wheels, air
conditioning with climate control, 3-spoke leather sports steering
wheel with shift paddles, power windows, electric and heated side
mirrors, and an AM/FM radio with CD player, all standard. Those
seeking top-down excitement can choose the passion cabriolet,
planned to start at $16,590(b) MSRP, with a standard upgraded radio
and sound system that includes an mp3 compatible in-dash 6 CD
changer.
Each vehicle features the two-color concept characteristic of the
smart brand. All models come standard with a black tridion safety
cell that can be upgraded to metallic silver at an additional cost.
The changeable body panels are available in six colors - deep black,
light yellow and crystal white are standard, while blue metallic,
red metallic and silver metallic are offered for an additional
charge.
smart USA Distributor LLC, headquartered in Bloomfield Hills,
Michigan, is the exclusive distributor of the smart fortwo in the
United States and Puerto Rico and is a wholly-owned subsidiary of
Penske Automotive Group, Inc.
(b) Expected prices exclude tax, license, registration,
destination charge and options.
ABOUT PENSKE AUTOMOTIVE GROUP
Penske Automotive Group, Inc., headquartered in Bloomfield Hills,
Michigan, operates 314 retail automotive franchises, representing 40
different brands, and 26 collision repair centers. Penske
Automotive, which sells new and previously owned vehicles, finance
and insurance products and replacement parts, and offers maintenance
and repair services on all brands it represents, has 170 franchises
in 18 states and Puerto Rico and 144 franchises located outside the
United States, primarily in the United Kingdom. Penske Automotive is
a member of the Fortune 500 and Russell 1000 and has 16,000
employees.
Statements in this press release may involve forward-looking
statements. Actual results may vary materially because of risks and
uncertainties, including production delays, licensing delays, delays
in developing a dealership network and external factors such as
interest rate fluctuations, changes in consumer spending and other
factors over which management has no control. These forward-looking
statements should be evaluated together with additional information
about Penske Automotive Group's business, markets, conditions and
other uncertainties that could affect Penske Automotive Group's
future performance, which are contained in Penske Automotive Group's
Form 10-K for the year ended December 31, 2006, and its other
filings with the Securities and Exchange Commission, and which are
incorporated into this press release by reference.
For additional information, visit
http://www.smartusa.com
or
http://www.penskeautomotive.com
Exceedingly low consumption
The outstanding economy of the smart fortwo is underlined by
further optimisations. Despite the greater engine power, the petrol
versions consume less than five litres of fuel over 100 km.
The smart fortwo with a starter generator that will be available
from the end of 2007 and will be based on the 52 kW petrol version,
promises further savings of up to 13 percent in city traffic.
This has particular advantages when driving in urban areas and
frequent stop-and-go traffic: the three-cylinder engine
automatically switches off when the car stops at traffic lights, for
example. It starts again as soon as the driver presses the
accelerator pedal.
The new smart fortwo cdi consumes even less fuel. The diesel
engine in the predecessor model already had the lowest consumption
of its class and the new smart fortwo also achieves "three litre"
status (corresponds to consumption of less than 3.5 litres/100 km
under standard conditions) with emissions of just 90 grams of carbon
dioxide per kilometre.
Alternative drives are also possible and the new smart fortwo has
been designed to allow for quick implementation of natural gas or
electric drive concepts – as soon as there is a demand for these new
drive systems and they become economically viable.
smart fortwo cabrio with an electric soft top
The smart fortwo cabrio's electric soft top is a further example
of the enhanced comfort. It is now fully automatic and can be
infinitely adjusted to any position. This means that the rear part,
too, can be opened to the final position and closed again at the
touch of a button.
Unique: the smart fortwo doesn't have to be stationary for this –
the soft top can be opened and closed at any driving speed.
Furthermore, the roof bars can be removed and stowed in a special
compartment in the tailgate. The soft top offers further added
comfort and safety with the heated rear window made of glass.
Equipment variants pure, pulse and passion, BRABUS variant
The equipment lines continue to go by the names of pure, pulse
and passion. Whereas the basic pure version has a plastic roof, the
pulse and passion feature a transparent, high-strength panoramic
roof made of polycarbonate. Fans of the BRABUS variant also have
something to look forward to: the introduction of an uprated BRABUS
variant is planned for autumn 2007.
Extensive range of standard equipment and options
The most important standard features include the tridion safety
cell, front airbags, seat belts with belt tensioners and belt-force
limiters and safety seats with integral seat belts. Further features
that are unique in the standard spec of vehicles in this class
include esp, abs and an integrated brake assist.
Further excerpts from the long list of standard equipment: H7
headlights featuring projection technology, central locking with
radio remote control, folding driver and passenger seat backrests
that can be adjusted with a notch lever, an exterior temperature
indicator, comfort windscreen wipers with speed-sensitive interval
wiping and indicators with lanechanger function.
The smart fortwo can be individualised and tailored to customer
requirements with a wide range of extras. These include head/thorax
side airbags, air conditioning (standard for passion), electric
power steering, heated seats, alloy wheels (standard for pulse and
passion), leather seats, Isofix child seat fastener, a high quality
audio system with a CD changer for 6 CDs and a sound system
featuring a subwoofer and an MP3 interface.
Furthermore, a portable navigation system that can be integrated
in the car is available. Voice instructions are given via the
loudspeakers of the stereo system. Further options that are often
only found in high-end cars include a light and rain sensor and
electrically adjustable and heated door mirrors.
Hambach: exemplary modular production and protection of the
environment
The smart fortwo is produced in the French town of Hambach.
System partners on site deliver pre-assembled modules straight to
the production line. The production process has been optimised and
the production time reduced from 9.5 hours to 8 hours. The whole
final assembly, which only took 4.5 hours for the predecessor model,
now takes just 3.5 hours.
Great importance is given to protection of the environment in
Hambach. Only water-soluble, solvent-free base coats are used for
the smart fortwo's plastic bodypanels.
The tridion safety cell is powder coated and no solvents are
needed here, either. The solid colour bodypanels in the colours
black, white and yellow are fully recyclable.
Same price level as the previous model
The basic price for the new smart fortwo will stay at the level
of the predecessor model. The diesel variant, too, will remain an
inexpensive "three litre" car that will continue the great success
of its predecessor. Likewise, the new smart fortwo cabrio will
continue to be by far the cheapest production cabriolet available
worldwide.
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