Daimler Chrysler today announced that the new special edition, Smart ForTwo Edition Red, will phase out the current Smart and make way for the new model in 2008. Production on the current model is slowing down as it sells out. The Smart ForTwo Edition Red has 16 inch allow wheels and 75 horsepower Brabus engine. The exterior is painted intensive red and the interior received little changes such as mp3 interface, premium audio and stitched leather seats.