DaimlerChrysler has signed an agreement that will see the cancelled Smart Roadster continue production under a different brand.

A British consortium known as ‘Project Kimber’ that was also behind a failed bid for MG Rover, has signed a Memorandum of Understanding (MoU) on Friday, 17 February 2006, with DaimlerChrysler, owners of the Smart brand.

The intention of the MoU is to draw up a contract within the next few months which would give Project Kimber the licence to redesign, produce and sell the former Smart models Roadster and Roadster-Coupe under a different brand.

Additionally, the MoU includes the intention to purchase production equipment for both models that is not needed by smart anymore.

In the frame of the restructuring and strategic realignment of smart, the discontinuation of production of the Smart Roadster and Smart Roadster-Coupe was decided last year. During the Geneva Motorshow, starting next week, Smart gmbh will present a final, limited special edition of the Roadster andĀ Roadster-Coupe, named ‘collectors edition’.