AutOrigination(TM) -- Chrysler Financial's Answer to Contract Errors

* Point-of-Sale Contract Validation * Eliminates Redundant Dealer Data * Integrated Real-time Computer Program

FARMINGTON HILLS, Mich., Oct. 3 -- Chrysler Financial, a DaimlerChrysler Services North America LLC business unit, announced today the deployment of the automotive finance industry's most comprehensive contract verification system -- AutOrigination(TM) -- to more than 3,000 Chrysler, Jeep(R) and Dodge dealers in the U.S.

AutOrigination is a revolutionary new way to validate retail customer contracts and lease agreements at the point-of-sale. The AutOrigination program was designed by Chrysler Financial to meet the specific needs of Chrysler Group dealers.

AutOrigination is fully integrated within the dealer's current Finance and Insurance (F&I) system and performs more than 100 points of contract validation to ensure a customer's contract is accurate at the point of sale. In addition, AutOrigination decreases the overall time it takes for a dealer to complete a contract and minimizes the time a retail customer spends at the dealership.

"AutOrigination is great, it saves me time because I only enter the information once, and never have to leave my dealer's own computer system to use it," said Don Tackett, Score Chrysler Dodge - Business Manager in Middletown, Ohio.

Due to overwhelming dealer response, ADP and Reynolds and Reynolds have agreed to pre-install AutOrigination on all Chrysler Group dealer F&I systems, which has already begun.

AutOrigination is in the process of being enhanced to operate through the Web, significantly improving system response time from a few minutes to just a few seconds.

"AutOrigination provides our dealer body with an innovative and convenient process to eliminate contract errors resulting in millions of dollars in savings annually," said Paul Knauss, Vice President - Chrysler Financial for DaimlerChrysler Services North America.

"Chrysler Financial provides more than just financing, with AutOrigination dealers receive a cost-effective, quick and easy way to process retail customer contracts, both improving processing efficiency and customer satisfaction across the country," said Knauss.

The Web conversion process is currently underway and will be completed during the first quarter of 2004. By eliminating contract errors and reducing contract in-transit time, AutOrigination becomes yet another Chrysler Financial innovation that joins a suite of industry leading point-of-sale systems.

About DaimlerChrysler Services North America LLC

DaimlerChrysler Services North America LLC provides brand-specific financing for automotive dealers' inventories and their retail consumers and does business as Chrysler Financial and Mercedes-Benz Credit. As DaimlerChrysler Services Truck Finance it also finances commercial vehicles for affiliate products such as Freightliner, Sterling and Western Star. The company serves as the headquarters for the operations in the United States, Canada and Mexico and has over 5,500 employees who manage a portfolio of $83 billion with nearly five million contracts. DaimlerChrysler Services North America is a member of the DaimlerChrysler Services Group, headquartered in Berlin, Germany which operates in 39 countries with an employee base exceeding 10,800 and a global portfolio of EUR 103 billion. DaimlerChrysler Services is one of the leading financial services companies worldwide.