CHICAGO -- The chief executive officer of the Chrysler division of DaimlerChrysler AG said on Thursday that the U.S. automobile industry needs legal reform to cut "unwarranted or frivolous" lawsuits.
"We can control costs for materials, labor and to some extent we can control retail costs, but we cannot control litigation costs," Tom LaSorda told journalists on the sidelines of the Chicago auto show. "We do not intend to be a deep-pocket cash cow anymore."
LaSorda said lawsuits add at least $500 to the price of vehicles sold in the United States and called for a system that sets realistic limits to the damages courts can order auto makers to pay.
The Chrysler CEO's comments echo previous complaints from the U.S. automobile industry over the level of litigation car makers face.