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Pewter(cubanitsilber metallic)/Beige, PIII package, Airscarf, Hands-Free Communication System, Lighting package; Designo Black Leather Cover on e-brake handle(Thank you Bill T), SmartTop v3.x, John's 3BFM, M113 AMG OEM air filters, Modified R170 ant., clear side-markers & front parking lamps w/error-free LEDs, chromed front & rear turn indicator lamps, steel mesh at battery bay cover & cabin air intake, sock-over-seatbelt buckles, belt-loop guide protectors, Lamin-X fog lamp protectors, bilateral rear fog lamps enabled, etched ///AMG logo on gear shift knob by Blackrose-etching
The name was chosen to reflect the company's intentions for the car - that it be Sportlich (sporty), Leicht (light), and Kompakt (compact).
AFAIK, the above definition of SLK is actually a backronym, albeit one used by Mercedes themselves. The name was really intended to denote a smaller alternative to the SL (effectively, SL Kompakt), just as the CLK is a smaller alternative to the CL. In this sense, these "K" cars marked a departure from the standard Mercedes-Benz naming convention where each letter meant something in itself (as was the case with the original SL).