---

DaimlerChrysler and Nissan Motor Terminate Talks on Equity Participation

10 March 1999

DaimlerChrysler and Nissan Motor Terminate Talks on Equity Participation

           No Equity Stake in the Japanese Automotive Manufacturer

     Both Companies Continue Projects in the Commercial Vehicles Business

    STUTTGART, Germany and TOKYO, March 10 -- After intensive
discussions, DaimlerChrysler , the international transportation and
services group, and Nissan Motor , the Japanese automotive
company, decided not to continue their talks about an equity participation in
the Japanese company.  This is the result of a 3-month period where both
parties assessed the strategic and financial options of a global cooperation.
    "We discussed our options of a potential partnership very openly and in a
very friendly atmosphere, but finally decided not to pursue participation,"
said DaimlerChrysler Chairman Juergen E. Schrempp after a meeting today in
Tokyo with the President of Nissan Motor, Yoshikazu Hanawa, that was conducted
in a friendly and personal manner.
    Schrempp:  "We have emphasized that the integration of Daimler and
Chrysler has utmost priority in our current business activities.  Against
this, we had to accept that the opportunities a close relationship with Nissan
offer are not achievable as quickly and smoothly as initially expected."
    Consequently, DaimlerChrysler has also terminated discussions about
acquiring an equity stake in Nissan Diesel, the Commercial Vehicles business.
Nevertheless, both parties agreed that they would continue the projects
currently pursued or under development between DaimlerChrysler and Nissan
Diesel in the commercial vehicles business and particularly in the light truck
segment.  DaimlerChrysler and Nissan will maintain a friendly and cooperative
relationship.
    DaimlerChrysler was established last year through a merger between
Daimler-Benz and Chrysler Corporation.  In 1998, the company achieved revenues
of E 131.8 bn ($154.6 bn).  DaimlerChrysler is the world's third largest
automotive manufacturer with annual sales of 4.5 million passenger cars and
commercial vehicles, and has major activities in the aerospace and services
sector.