DETROIT (Reuters) -- The Chrysler group aims to finalize by the end of this year a partner to build and launch a subcompact car, CEO Tom LaSorda said today.
LaSorda, speaking to the Automotive Press Association, also said the company has not ruled out China as an export hub for the new car.
"We know we can't do it alone," he said. "The capital expense alone would be very high."
Chrysler currently has no model in the subcompact car segment, which is popular outside United States.
Why does Chrysler need a partner to build a small car? You would think they have the resources to do this in house.
J.
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