RouteOne Announces Executive Staff

Executives leave auto manufacturers to continue careers at RouteOne

SOUTHFIELD, Mich., July 6 -- RouteOne LLC announced today that effective immediately, four of the top six officers who had been on "loan" from the captive finance arms of DaimlerChrysler Services, Ford Motor Company and Toyota Motor Corporation have resigned from those companies and agreed to remain full-time RouteOne employees.

Mike Jurecki, RouteOne President and Chief Executive Officer, and Dan Doman, the company's General Counsel, had been with Ford Motor Credit Company and in the industry for close to two decades. Joel Gruber, RouteOne's Chief Information Officer, had been employed by Chrysler and DaimlerChrysler Services for 21 years. Brad Rogers, RouteOne's new Vice President of Sales and Marketing, had worked at Toyota Financial Services since 1993.

"It's a tribute to the concept and the potential of RouteOne that these executives have agreed to give up successful careers with the automotive manufacturers' finance companies to continue the launch and ongoing operations of RouteOne," said Paul Knauss, Chief Financial Officer for DaimlerChrysler Services North America LLC and RouteOne Board Chairman. "It's a strong signal to our dealer and finance source partners that the people who know RouteOne better than anyone are willing to stay and continue to build the success of RouteOne."

"It was a tough decision for all of us," said Jurecki. "We had excellent careers at our respective companies, but the strength of the team here and the reality of what we're making happen at RouteOne was a strong draw for each of us. We not only want to see it through, we want to help RouteOne achieve our vision of being the online credit application and contract provider of choice for the automotive industry. As a group, we're confident that's where we're headed."

Two former RouteOne executives have returned, as planned, to their careers at DaimlerChrysler Services and GMAC. Kelly Mankin, former RouteOne COO, is returning to DaimlerChrysler Services as Vice President - Chrysler Brands Marketing, where he remains responsible for the successful launch of RouteOne to Chrysler Group dealers. Former RouteOne CFO Mary Cunningham returned to GMAC at a director level within the finance staff. Replacing Cunningham as Chief Financial Officer is Janice Basile, formerly a senior manager with Deloitte & Touche USA LLP.

About RouteOne

Established in April 2002, RouteOne LLC is a joint venture formed by DaimlerChrysler Services, Ford Motor Credit Company, General Motors Acceptance Corporation, and Toyota Financial Services to improve the credit application process for automobile dealers, their customers, and participating financial institutions. The joint venture is developing a web-based system that will enable dealers and their finance sources, including captives, banks, and other financial institutions, to exchange credit application and decision information online. More information is available at http://www.routeone.com/ .