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DaimlerChrysler Statement in Response to Ford's Announcement About Fuel Economy and SUVs

27 July 2000

DaimlerChrysler Statement in Response to Ford's Announcement About Fuel Economy and Sport Utility Vehicles

    AUBURN HILLS, Mich. - Following is a DaimlerChrysler statement in response 
to Ford's announcement about fuel economy and sport utility vehicles:

    DaimlerChrysler Corp. has aggressively pursued fuel economy efforts, and
our light duty truck fuel economy average of 21.2 mpg is the best among the
"Big Three."

     DaimlerChrysler is a technology leader in the auto industry and supports
fuel economy improvements across the board in light trucks -- not just in the
sport utility segment.  At the end of the day, companies that balance fuel
economy needs with customer demand will win in the marketplace.

    The introduction of our new Chrysler PT Cruiser accomplishes both of those
goals.  It has certainly struck a passionate cord with consumers, while at the
same time boosting light truck fuel economy another 2% over last year as part
of our ongoing fuel economy effort.

    Cost-effective improvements and advanced technology are also being
incorporated in our products to keep pace with customer interest in fuel
economy.  One such technology is our recent demonstration of a hybrid electric
version of the Dodge Durango.  Application of hybrid technology could net a
projected 20% improvement in Durango's fuel economy, providing Congress passes
a hybrid vehicle tax incentive being considered.  We believe such long-term
market-based initiatives are the real solution to concerns about truck fuel
economy.