Statement From the Chief Executive Officer of Chrysler Group Sergio Marchionne

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AUBURN HILLS, MI--May 3, 2011: "The issuance today by Standard & Poor's of a preliminary B+ credit rating on Chrysler Group LLC represents a further important step for the Company. I believe it also shows recognition of the efforts made by Chrysler Group's management, employees and other stakeholders in less than two years to bring Chrysler back to life following the exit from Chapter 11.

"Chrysler Group as a standalone company is again on the radar screen of the financial community after thirteen years of absence.

"Moreover, the results achieved in the first quarter of 2011 and the recently announced plans to repay the U.S. and Canadian governments further strengthen our commitment and determination to achieve, with rigor and discipline, all the targets set in the 2010-2014 Chrysler Group business plan presented on November 4, 2009. So far, all of the goals have been reached and, in some cases, exceeded; evidence of the speed at which the Company has been able to realize its profound culture change."