But the 60-kilowatt electric motor and lithium-ion battery pack are coming to a Smart car near you soon, as thecompanyintroduces its first electric car the Fortwo Electric Drive for the 2013 model year.
Mr. Barr said he still believes the stock is cheap and that thecompany might see hot earnings growth as it introduces new products, such as a rumored cheaper iPhone or television set.
The first big revision of English company law in more than 20 years, it introduces much-needed reforms, such as cutting the bureaucracy and cost involved in setting up and running a company.