Chrysler Mulls Nissan/Renault Pact: Report

Chrysler may join an existing manufacturing and development alliance between Japan's Nissan(NSANY Quote) and France's Renault, the Wall Street Journal reports.

However, a sale of the auto maker to General Motors(GM Quote) is still the preferred path, the newspaper reports, citing people familiar with the matter.

Cerberus Capital, Chrysler's majority owner, is discussing having Nissan, and possibly Renault, acquire a minority stake in Chrysler. It's not clear if Chrysler or Cerberus would be asked to purchase an interest in the Japanese and French auto makers in order to maintain a cross-shareholding relationship, the Journal reports. ...