DaimlerChrysler AG is moving forward with preparations to sell or spin off the Chrysler Group, The Wall Street Journal Website reported on Monday.

At least some top executives at DaimlerChrysler's Stuttgart, Germany, headquarters are determined to try to sell Chrysler or spin it off to existing shareholders rather than restructure it again, the report quoted people close to the matter as saying.

Chief Executive Dieter Zetsche, who headed Chrysler in his previous job, has not yet indicated his preference, the report said.

It also said the company has already received several expressions of interest from around the world for Chrysler since saying last week that it was considering "all options" to turn around the unprofitable operation.

DaimlerChrysler has also said it is interested in using alliances and partnerships to help Chrysler cut costs and expand sales in fast-growing international markets.

It is already talking to General Motors Corp. about joining forces to develop a large sports-utility vehicle, according to the report.

Financial analysts have speculated that Chrysler has a value of about 5 billion dollars. It had a value of about 35 billion dollars in the 1998 merger that formed DaimlerChrysler.

Source: Xinhua