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"Ineos Automotive, the startup backed by petrochemicals giant Ineos, is close to finalizing the purchase of Daimler’s Smart plant in Hambach, France.

First announced in late August, Ineos Automotive’s intention to buy the factory located in eastern France is very likely to materialize in the coming weeks after unions approved the project.

Daimler announced this summer the intention to sell the plant as part of an overhaul of its production system. The facility, which employs about 1,600 people, currently builds the Smart EQ Fortwo electric minicar. However, production will move to China as Daimler announced in 2019 it will build the next-generation Smart vehicles from 2022 through a joint venture with Geely." :)

 
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