DaimlerChrysler Services Announces Executive Appointments in North America

FARMINGTON HILLS, Mich., June 14, 2004; DaimlerChrysler Services announced today several key executive appointments, effective August 1, 2004, within its North American operations.

Mark Manzo is appointed President and Managing Director - DaimlerChrysler Services Mexico reporting to Juergen Walker, President and CEO - DaimlerChrysler Services North America. In this position, Manzo will be responsible for all passenger car and commercial vehicle financial services activities in Mexico. Manzo replaces Gerhard Gross who steps into his new position as Managing Director - DaimlerChrysler Services Spain.

Dietmar Exler, currently Vice President - Chrysler Brands Marketing, will replace Manzo as Vice President - Customer Service and Collections, reporting to Walker. In this position, Exler will be responsible for organizational strategy development and operations for collections, customer service, vehicle remarketing and credit card services.

Kelly Mankin, currently Chief Operating Officer for RouteOne LLC, will replace Exler as Vice President - Chrysler Brands Marketing, reporting to Klaus Entenmann, Vice President - Chrysler Financial. In this position, Mankin will be responsible for the marketing activities of the Chrysler Financial brand in the U.S. Mankin will continue to play an active role in the launch and implementation of the RouteOne credit aggregation system for all Chrysler Group dealers.

"Each of these individuals is a dynamic leader with a proven track record in the financial services industry," said Walker. "The depth of experience and talent they bring to the organization has been and will continue to be a key factor in our success," added Walker.

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 $85 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 $123 billion. DaimlerChrysler Services is one of the leading financial services companies worldwide.