DaimlerChrysler to keep Chrysler stake - CEO

Newswire

FRANKFURT, Aug 29 (Reuters) - DaimlerChrysler has no intention whatsoever at this stage to sell its remaining 19.9 percent stake in U.S. arm Chrysler, Chief Executive Dieter Zetsche said. Chief Financial Officer Bodo Uebber told a conference call on Wednesday that the group's currency exposure would rise around 15 percent as a result of the Chrysler sale, but added it was nearly fully hedged in 2007 and around 60 percent hedged in 2008.

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