Daimler not currently seeking to up Hyundai stake

Newswire

FRANKFURT, May 31 (Reuters) - DaimlerChrysler has no current plans to increase its Hyundai stake, a spokesman for the German-U.S. car giant said on Saturday after a magazine reported executives wanted to up its 10 percent interest. "We have an option to do that but it's not currently on the agenda," DaimlerChrysler spokesman, Thomas Froehlich, said of the report on Saturday. Citing "top managers" at Daimler, Der Spiegel magazine reported that company Chief Executive Juergen Schrempp was ...

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