Supervisory Board of DaimlerChrysler AG Approves Eckhard Cordes to head Mercedes Car Group

- Dr. Eckhard Cordes to head Mercedes Car Group

- Andreas Renschler new Head of Commercial Vehicles Division

STUTTGART, Germany, July 29 -- In its meeting today, the Supervisory Board of DaimlerChrysler AG has taken the following decisions:

Dr. Eckhard Cordes (53) will take responsibility for the Mercedes Car Group, effective as of October 1, 2004.

Prof. Juergen Hubbert (65) will take over Board of Management responsibility for the Executive Automotive Committee (EAC) on behalf of the Chairman of the Board of Management, effective as of October 2004, until he will leave the Board in April 2005.

Andreas Renschler (46) has been appointed as Member of the Board of Management of DaimlerChrysler AG for a term of three years, responsible for the Commercial Vehicles Division.

New CEO of smart GmbH, Boeblingen, will be Ulrich Walker (52), until recently Executive Board Member at Mitsubishi Motors Corporation, responsible for design, development, production, purchasing as well as product planning and product management.

Dr. Wolfgang Bernhard will leave the company as of July 29, 2004 in mutual agreement with the Supervisory Board of DaimlerChrysler AG. The Supervisory Board thanks Bernhard for his achievements on behalf of the Company during his term of activity.