Chrysler to consider all cost-cutting options, CEO LaSorda says

Tom LaSorda

Reuters /DETROIT -- Chrysler group CEO Tom LaSorda today said that the unit of DaimlerChrysler AG would consider all of its business activities after forecasting a deep loss in the current quarter.

"We're going to look at the total business," LaSorda said on a conference call with reporters. "We're going to turn over all the rocks."

LaSorda said he saw no evidence based on early September sales that pickup and SUV sales were stabilizing despite lower gasoline prices. He said he expected the shift toward more fuel-efficient vehicles would be a permanent change in the U.S. market.

The Chrysler group relies on sales of trucks, SUVs and minivans for about 70 percent of its U.S. sales.