Daimler plays down impact of U.S. mortgage turmoil

Newswire

FRANKFURT, Oct 25 (Reuters) - German carmaker Daimler AG is seeing scant impact from the U.S. credit crunch other than the usual rise in late payments that accompanies an economic slowdown, Chief Financial Officer Bodo Uebber said. "We have a weaker U.S. economy," he told a conference call on third-quarter results on Thursday when asked about fallout from the U.S. subprime mortgage woes. "We have in some (U.S.) states some higher delinquencies and the impact of that was 50 million ...

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