Daimler hedged about 85 pct for '06 forex exposure

Newswire

FRANKFURT, April 27 (Reuters) - DaimlerChrysler has hedged roughly 85 percent of its foreign exchange exposure for 2006, the company said on Thursday. "The impact...what happens to the U.S. dollar this year will not hurt us, let us say, dramatically," Chief Financial Officer Bodo Uebber told a conference call. When asked to what extent the rise in raw materials prices was hurting group results, Uebber said the impact stemmed less from steel contract prices but rather from an increase in ...

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