Smart: 50 per cent stake could be sold to Geely - report

Three sources have told The Financial Times Daimler, owner of Mercedes-Benz, is close to selling a 50 per cent stake in the Smart brand to Chinese automaker Geely. A deal could be announced as soon as the Shanghai motor show, which takes place in the middle of April. If the sale goes ahead, it would fit both Smart's future vision for itself and Geely's acquisitive streak.