Electric Mercedes

The low-cost Swatch revolutionized the wristwatch industry in the 1980s. Can the supermini Swatchmobile city car do the same for automobiles this decade? Germany's Mercedes-Benz thinks it can. On Feb. 22, the carmaker signed a deal to develop such a vehicle with Nicolas G. Hayek, the ebullient chairman of Switzerland's SMH, maker of Swatch.

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