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Statement in Response to Media Speculation on Daimler's 19.9 Percent in Chrysler Holding LLC
 
Auburn Hills, Mich., Sep 24, 2008  -  Chrysler LLC confirms that Cerberus Capital Management, LP has approached Daimler AG about the possible redemption of its 19.9 percent stake in Chrysler Holding LLC. Cerberus and Daimler are currently in discussions.

In the event of a successful transaction, common projects between Daimler and Chrysler in the areas of research and development and advanced technologies would continue.
 
  Contact Information
  Mary Beth Halprin
Office: (248) 512-2658
Cell: (248) 766-1551
Fax: (248) 512-1756
Email: mh166@chrysler.com
Shawn Morgan
Office: (248) 512-2692
Cell: (248) 760-2621
Fax: (248) 512-1756
Email: shawn.morgan@chrysler.com
 
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