Chrysler Group Sets Starting Price for All-New 2002 Jeep(R) Liberty At Well Under $20,000

    AUBURN HILLS, Mich., March 26 The Chrysler Group today
announced that its all-new 2002 Jeep(R) Liberty will start in the U.S. market
at just $17,035, which includes a $585 destination charge.  Liberty will stand
apart from the competition with its unrivaled combination of exceptional on-
road refinement and legendary Jeep capability.
    "With the all-new 2002 Liberty, the Jeep brand is delivering a unique
combination of ruggedness, capability and on-road refinement, to set this
vehicle apart from the competition, in true Jeep tradition," said Chrysler
Group President and Chief Executive Officer Dieter Zetsche.  "Liberty combines
the legendary Jeep capability that our customers have come to expect with a
new level of on-road refinement -- all at an extremely competitive price to
broaden our buyer base even further."
    The Jeep Liberty Sport features the 150-horsepower 2.4-liter Power Tech
engine with a 5-speed manual transmission.  All Sport models include driver
and front passenger air bags, AM/FM stereo radio with cassette and CD changer
controls, unique 65/35 split rear seat with one-handed folding operation,
patented rear flipper glass/swing gate system, center rear shoulder belt,
user-ready child seat restraint anchorage system, P215/75R16 all-season tires
and rear defroster and wiper/washer.  Four-wheel drive Sport models start at
$18,545 including destination.
    The Limited Edition features the all-new 210-horsepower 3.7-liter Power
Tech V-6 engine with a multi-speed automatic transmission.  The 3.7-liter
engine is optional on the Sport model with either a 5-speed manual
transmission or a multi-speed automatic transmission.  Both Sport and Limited
Edition models are available in either two- or four-wheel drive.
    The Limited Edition starts at $21,795 including destination, featuring the
3.7-liter V-6 engine and automatic transmission.  In addition to the standard
Liberty Sport features, the Limited Edition includes AM/FM stereo radio with
CD player and CD changer controls, air conditioning, power windows, power
locks, speed control, keyless entry, height adjustable steering column, fog
lamps, cargo compartment cover, P235/70R16 all-season tires and 16" aluminum
wheels.  Four-wheel drive Limited Editions start at $23,305 including
destination.
    Liberty is the first Jeep vehicle with available side air bag curtains.
Available on all Jeep Liberty vehicles, side curtain air bags ($390) provide
additional head protection for both front and rear outboard occupants.
    The all-new Jeep Liberty was designed and developed to expand the breadth
of the Jeep lineup and broaden the brand's international appeal.  Not only for
traditional Jeep buyers, this vehicle will also attract the new generation of
sport-utility vehicle buyers, who value on-road refinement and ruggedness.
    "The Jeep brand has always been known for its outstanding capability and
ruggedness with vehicles such as Wrangler," said Tom Marinelli, Vice President
Chrysler/Jeep Division Global Brand Center, DaimlerChrysler.  "Grand Cherokee
melded this reputation with luxury and now the next great Jeep idea, Liberty,
expands the depth and breadth of the Jeep brand even further."
    Liberty will be available early this summer, starting with the 3.7-liter
V-6 automatic -- expected to be the most popular powertrain combination.  The
2.4-liter engine will join the lineup at normal fall introduction.
    Liberty was engineered by the Jeep Platform Team and is being built at the
all-new, state-of-the-art Toledo (Ohio) North manufacturing facility.  As
DaimlerChrysler's newest assembly plant, the Toledo North Assembly Plant
represents the culmination of best practices from the company's worldwide
operations for lean, flexible, high-quality production.
    Also in the Jeep lineup, Grand Cherokee continues production at the
Jefferson North (Michigan) Assembly Plant and Wrangler at the Parkway (Ohio)
Assembly Plant.  As previously announced, Jeep Cherokee production will end
mid-2001.

    Base Manufacturer's Suggested Retail Prices by model
                                          MSRP             Destination
    Jeep Liberty Sport 4x2              $16,450                $585
    Jeep Liberty Sport 4x4              $17,960                $585
    Jeep Liberty Limited Edition 4x2    $21,210                $585
    Jeep Liberty Limited Edition 4x4    $22,720                $585


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