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Completion of Daimler-Benz Chrysler Merger Slated for November 12

6 November 1998

Completion of Daimler-Benz Chrysler Merger Slated for November 12

    AUBURN HILLS, Mich., Nov. 5 --  Chrysler Corporation
announced today that it expects its planned business combination
with Daimler-Benz to be completed on Thursday, November 12, 1998.
Closing of the transaction is subject to successful completion of
DaimlerChrysler's exchange offer, Chrysler's planned reissuance of treasury
stock to its pension plans and customary closing conditions.  The exchange
offer is scheduled to end at noon on Friday, November 6, 1998, Central
European Time in Germany and Eastern Standard Time in the United States.
    Chrysler shares will continue to trade on the NYSE through the close of
business on November 12.  Trading of DaimlerChrysler AG ordinary shares on a
when-issued basis is expected to continue through Monday, November 16, with
regular way trading scheduled to commence on Tuesday, November 17.