Wednesday, July 25, 2007

Daimler 2008 forex exposure over 50 pct hedged-CFO

Wed Jul 25, 2007 3:34 PM BST147
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FRANKFURT, July 25 (Reuters) - DaimlerChrysler's (DCXGn.DE: Quote, Profile , Research) currency exposure excluding Chrysler, which is being sold, is more than 50 percent hedged for 2008, Chief Financial Officer Bodo Uebber told a conference call on Wednesday.

Trucks division head Andreas Renschler also said he expected the U.S. truck market to rebound early in 2008 rather than the third or fourth quarters of this year as originally envisioned.

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