April 1, 2008: Breaking news Toyota just announced they bought 100% control of smart and have stopped production of the 2008 smart fortwo as they will be selling the Toyota IQ instead.
The smart fortwo has just gone on sale in the United States and many people who put the $99 deposit havenít even received their smarts. Now with Toyota stopping production of the 2008 smart fortwo many are left wondering what will happen with their deposits.
Toyota has made this dramatic move after the success of the Toyota IQ at the Geneva Motor Show and the overwhelming success of the smart fortwo in the United States. The success of the smart in the United States is what made Toyota decided to buy control of smart in order to quickly inject the Toyota IQ into the US marketplace and prevent the smart fortwo from taking control of the market.
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