UPDATE 1-BMW hedged less than two-thirds of '04 FX exposure

Newswire

(Adds background) FRANKFURT, March 18 (Reuters) - German luxury carmaker BMW AG said on Thursday it has hedged less than its usual two-thirds of foreign currency exposure for 2004, as it believes the dollar is temporarily undervalued. "We've decided to move away from the two-thirds (level), but are saying we're hedged to a large extent to provide security," Chief Financial Officer Stefan Krause told an analysts' conference. Krause said that it was difficult to estimate how the movement ...

Premium Content (PAID Subscription Required)

"UPDATE 1-BMW hedged less than two-thirds of '04 FX exposure" is part of the paid WardsAuto Premium content. You must log in with Premium credentials in order to access this article. Premium paid subscribers also gain access to:

  All of WardsAuto's reliable, in-depth industry reporting and analysis
  Hundreds of downloadable data tables including:
  •   Global sales and production data by country
  •   U.S. model-line inventory data
  •   Engine and equipment installation rates
  •   WardsAuto's North America Plant by Platform forecast
  •   Product Cycle chart
  •   Interrelationships among major OEMs
  •   Medium- and heavy-duty truck volumes
   •  Historical data and much more!


For WardsAuto.com pricing and subscription information please contact
Amber McLincha by email: amclincha@wardsauto.com or phone: (248) 799-2622
 

Current subscribers, please login or CLICK for support information.

Sponsored Introduction Continue on to (or wait seconds) ×