Continental Teves to Supply Chrysler Group With Anti-Lock Brake System for Chrysler Pacifica

AUBURN HILLS, Mich., July 31 -- Continental Teves, a unit of Continental AG, announced today that it has been selected to supply the Chrysler Group with advanced electronic braking systems.

The contract calls for Continental Teves to supply the anti-lock brake system (ABS) and its Traction Control System (TCS) for the Chrysler Pacifica. Continental Teves will supply the ABS and TCS units beginning next year.

"We are pleased to partner with Chrysler Group on this exciting new vehicle," said Bill Kozyra, president, Continental Teves North America. "Our advanced ABS and TCS technologies will contribute to improved braking performance, which can lead to improved safety for motorists and their passengers."

Continental Teves will supply the braking system from its award-winning North American plants in Morganton and Asheville, NC, Culpeper, VA and Silao, Mexico.

Continental Teves, headquartered in Frankfurt/Main Germany, is a unit of Continental AG, Hanover, Germany. With 2001 sales of approximately $10 billion (US), Continental is a world leader in the design, development and supply of critical brake and chassis systems that contribute to driving safety and comfort. Continental Teves' North American component is headquartered in Auburn Hills, Mich. For additional information, visit these websites: www.conti-online.com and www.contitevesna.com .