Mercedes-Benz USA Intends to Transition the Distribution of smart from Penske Automotive Group

OFFICIAL PRESS RELEASEStuttgart/Montvale, Germany/USA, Feb 15, 2011 - Mercedes-Benz USA LLC and Penske Automotive Group (NYSE:PAG) yesterday announced they have started discussions to transition the distribution rights, management, sales and marketing activities of smart USA from Penske Automotive Group to Mercedes-Benz USA. The transition is expected to occur by the end of the second quarter of

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