Daimler says share buyback on schedule


FRANKFURT, Oct 25 (Reuters) - German carmaker Daimler AG remains on track to repurchase 3.5 billion euros ($5.01 billion) worth of shares by the end of this year, it said in a presentation on its website to accompany a conference call. Flush with cash after selling Chrysler, Daimler said in August it would spend up to 7.5 billion euros to buy back nearly 10 percent of its shares over the next year, of which around 3.5 billion euros worth would be bought by the end of 2007. It said 15.8 ...

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