Jim Schroer Joins Chrysler Group as Executive Vice President of Global Sales and Marketing

    *  Gary Dilts is Senior Vice President, Sales and Field Service
    *  George Murphy is Senior Vice President, Global Brand Marketing
    *  Dieter Zetsche: "Together with our strong Chrysler Group Sales and
       Marketing team, these leaders will further ensure the success of our
       Turnaround Plan."

    AUBURN HILLS, Mich., Feb. 20 Chrysler Group has named
James C. Schroer Executive Vice President of Global Sales and Marketing,
effective February 26, 2001.  Schroer (49) is joining Chrysler after having
been Vice President - Global Marketing at Ford Motor Company since June, 1999.
At Chrysler, he will be in charge of the entire Sales and Marketing
organization, including the company's Chrysler, Dodge and Jeep dealer network,
at a time when the full Chrysler Group Turnaround Plan is being put in place.
    At the same time, the company is announcing that Gary Dilts (50) has been
named Senior Vice President, Sales and Field Service, responsible for car and
truck sales, dealer development activities, customer service, field operations
and customer relations activities.  Dilts has been Senior Vice President of
the e-Connect Platform Team since January, 2000, and has over 20 years
experience in the Chrysler Sales organization.
    The company is also announcing that George E. Murphy (45) is joining the
Chrysler Group as Senior Vice President, Global Brand Marketing, in charge of
all Marketing operations, including brand and corporate advertising, customer
relationship marketing, motorsports, product marketing plans and research
activities.  Murphy has been with the Ford Motor Company since 1999, as
General Marketing Manager - Ford Division.  He was previously with General
Electric for more than 10 years, most recently as Vice President of Worldwide
Product Management for GE Lighting.
    Dilts and Murphy will both report to Schroer, succeeding M. John MacDonald
(56) and Arthur C. (Bud) Liebler (58), respectively, who have decided to leave
the company under its early retirement plan.
    "We are extremely pleased Jim Schroer is joining our company to lead our
Sales and Marketing organization," said Chrysler Group President and Chief
Executive Officer Dieter Zetsche.  "This is a critical time for the Chrysler
Group.  We know we need the full support of our 4,365 dealers in order to
execute our Turnaround Plan.  Jim Schroer is the right leader to complement
our experienced team in Sales and Marketing.  He has a great deal of expertise
in developing and marketing global brands and heading up a large organization
of professionals at an international company."
    Schroer joined Ford in 1996, after serving as Executive Vice President of
Sales and Marketing at RJR Nabisco.  He has a bachelor's degree in economics
from Carleton College and a master's degree in business administration from
Harvard University.
    "I am very eager to start helping Chrysler get back on the road to
profitability, and then on to much greater success," said Schroer.  "Together,
we will work to re-energize the Chrysler Group and make great things happen
for our customers, dealers, employees, and shareholders."
    In a related announcement, the company has appointed Thomas Hausch (35) as
the head of International Sales and Marketing, with responsibility for all
Chrysler Group activities outside North America, and reporting to Jim Schroer.
Hausch joined Mercedes-Benz in 1985 as an assembly line employee at the
Sindelfingen plant.  After earning his business engineering and master of
business administration degrees, he re-joined Daimler-Benz in 1993.  Most
recently he was in charge of Mercedes-Benz Passenger Car sales and marketing
activities for Northern and Southern Europe, before moving to the Chrysler
Group in December, 2000, as a project manager in the Turnaround Team.
    Dieter Zetsche also praised the efforts of the entire Sales and Marketing
area.  "Together with our strong Chrysler Group Sales and Marketing team,
these four leaders will further ensure the success of our Turnaround Plan,"
said Zetsche.  "I would like to express the thanks of the entire
DaimlerChrysler Board of Management to Bud Liebler and John MacDonald for
their long years of tireless and dedicated efforts on behalf of the company."