GO
Loading...

Enter multiple symbols separated by commas

Chrysler CEO Seeks Deals To Boost Sales Abroad-WSJ

The chief executive of DaimlerChrysler said he wants to use new alliances to more than double sales outside North America, the Wall Street Journal reported on Friday.

The unit's previous goal, of doubling Chrysler sales outside North America from the current level of about 200,000 vehicles, was "not acceptable" and should be ratcheted up, the paper said, quoting from an interview with Chrysler CEO Tom LaSorda.

Alliances with other auto makers could cut the costs of that expansion, the paper said, citing LaSorda.

Chrysler is exploring partnerships to jointly develop vehicles, powertrains, axles and other aspects of auto making, the paper said.

One possible alliance is with U.S. rival General Motors, the paper said, citing people familiar with the matter. An agreement is far from certain, the paper said, and added that the sources discounted the potential that a possible GM-Chrysler alliance based on specific vehicles would develop into something deeper.

Officials for Chrysler and GM could not immediately be reached.

Contact U.S. News

  • CNBC NEWSLETTERS

    Get the best of CNBC in your inbox

    Please choose a subscription

    Please enter a valid email address
    To learn more about how we use your information,
    please read our Privacy Policy.

Don't Miss

U.S. Video

  • Hero miles for military members: Real estate magnate's plea

    Chairman of the Fisher House Foundation, Ken Fisher, discusses the Hero Miles program with CNBC's Dina Gusovsky. During Military Appreciation Month, Fisher is asking every traveler to donate 1,000 of their miles to replenish the Hero Miles programs that is in danger of running out.

  • Cramer shuts down this market's haters

    "Mad Money" host Jim Cramer on why this market can't stop, won't stop.

  • From the battlefield to the boardroom

    Your Grateful Nation is dedicated to helping Special Forces veterans enter the corporate world and Knot Standard provides complimentary suits to vets. Mad Money's Jim Cramer spoke with Rob Clapper, Your Grateful executive director; John Ballay, Knot Standard co-founder and president; Tej Gill, retired U.S. Navy Seal; and Darren McB, active duty U.S. Navy Seal.