Statement Regarding Chrysler LLC Reaching a Tentative Agreement With the Canadian Auto Workers Union

TORONTO and AUBURN HILLS, Mich., May 15, 2008; Al Iacobelli, Chrysler LLC Vice President - Union Relations, today said: "The Company is pleased to have reached a tentative agreement with the Canadian Auto Workers (CAW) Chrysler Canada bargaining team. We believe this agreement recognizes the contributions of our CAW workforce, while helping contribute to Chrysler Canada's overall competitiveness.

"Chrysler is committed to being among the industry's best in productivity, quality, customer value and service. With this agreement, our Canadian operations will support that commitment by producing some of our most iconic vehicles, including the Chrysler and Dodge Minivans and the all-new Dodge Challenger."

The tentative labour agreement between Chrysler Canada and the Canadian Auto Workers covers approximately 9,600 Chrysler-represented employees at its various Canadian facilities, primarily those located in Brampton, Etobicoke and Windsor, Ontario.