Chrysler looks to expand market share in China

US automaker Chrysler is looking to expand its sales in China's growing car market, Chrysler's China boss Simon Elliot told the Wall Street Journal in an interview. The company is seeking to sell around 20,000 cars in China this year, more than doubling the 8,000 sold in 2006, and increase compact-car production in order to gain footing in the world's second-largest automobile market, said Elliot. Sales of compact cars in China rose 35% from January to August 2007, while sales in the overall industry rose 27%, according to  report by Automotive Resources Asia. Chrysler is expected to ramp up efforts in marketing, model development and sales networks in China in coming months.