Chrysler Group Statement in Response to Release of US-Korea Free Trade Agreement Text

WASHINGTON, May 25, 2007; The following release was issued today by the Chrysler Group:

We have reviewed the automotive provisions of the US-Korea Free Trade Agreement. The agreement in its current form does not provide the Koreans with adequate incentives to open their market to increased US automotive exports. We welcome revisions to the agreement which would address these inadequacies. Chrysler has supported every free trade agreement ever negotiated by the US Government. We are disappointed that we cannot support this agreement in its current form.