Chrysler says aims to cut investories by year end

FRANKFURT, Oct 25 (Reuters) - DaimlerChrysler's U.S. arm Chrysler intends to reduce its inventories to a level in the low 500,000 units by the end of the year, Chrysler head Tom LaSorda said on Wednesday in a conference call with analysts and reporters.

It had around 534,000 units in inventories at the end of the third quarter.