Continental Applauds Chrysler Group on Standard Electronic Stability Control

AUBURN HILLS, Mich., Nov. 18, 2004 -- As the leading supplier of Electronic Stability Control (ESC) technology in North America, Continental congratulates the Chrysler Group on its announcement to make ESC standard equipment on four top-selling vehicles in its portfolio for the 2006 model year, including several models as early as 2005. The vehicles involved include Jeep(R) Grand Cherokee, Jeep(R) Liberty, Jeep(R) Wrangler and Dodge Durango.

"As a long-standing partner to DaimlerChrysler, we commend the organization for continuing to improve the safety of America's roads by widely adopting this important life-saving technology," said Bill Kozyra, president and CEO of Continental Teves, N.A. "Numerous studies have identified the effectiveness of this technology in reducing crashes and other out-of-control situations. This is baseline safety technology just like seat belts and airbags."

With 2003 sales of approximately $13 billion (US), Continental AG is a major supplier of brake systems, chassis components, vehicle electronics, tires and technical rubber products. Continental Automotive Systems' North American operation is headquartered in Auburn Hills, Mich. For additional information, visit these websites: http://www.conti-online.com/ and http://www.contitevesna.com/index2.htm.