DaimlerChrysler Releases Court Filings in Tracinda Lawsuit

    STUTTGART, Germany and NEW YORK, Feb. 19 -- DaimlerChrysler AG today released copies of three legal memoranda filed in
support of its motions for summary judgment in the Delaware securities action
begun by Tracinda Corporation in November 2000.  DaimlerChrysler said the
memorandum relating specifically to Tracinda matters has been extensively
redacted because Tracinda did not authorize publication of secret Tracinda
information obtained in discovery and used in the memorandum to support
DaimlerChrysler's positions.  DaimlerChrysler said it has not redacted any
information of its own from the memorandum.  Accordingly, all such information
is available to the public.
    (Logo:  http://www.newscom.com/cgi-bin/prnh/20020212/DCXLOGO )
    The company said the arguments contained in these documents comprise its
fullest discussion to date about Tracinda's baseless charges and, therefore,
why the case should be dismissed.  It noted eleven former Chrysler directors,
including former Chrysler chairman Bob Eaton, had submitted sworn declarations
in support of the motions and said these declarations established:

     -- the business combination agreement completely and accurately described
        the understanding between Chrysler and Daimler-Benz. It was fully
        performed.

     -- all eleven directors would vote for the 1998 merger again knowing what
        they know today;

     -- the 1998 merger was a merger of equals as those directors understood
        that term; and

     -- DaimlerChrysler's Supervisory Board had the exclusive responsibility
        for all the management board changes the plaintiffs complained about
        and all such changes were unanimously supported by all of its Chrysler
        shareholder representatives.  (Six Chrysler directors who have served
        on the Supervisory Board also attested the Board began and remained
        equally balanced between the Chrysler-designated capital
        representatives and those designated by Daimler-Benz.)

    The court, which has access to the complete text of the memoranda, is
expected to have all motions fully submitted for decision on March 17.

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