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DaimlerChrysler's Chief Executive is Named '1999 Manager of the Year'

15 November 1999

DaimlerChrysler's Chief Executive is Named '1999 Manager of the Year' By Stark's Truck & Off-Highway Ledger

    CHICAGO, Nov. 15 -- DaimlerChrysler AG
Co-Chairman Robert J. Eaton today was selected '1999 Manager of the Year' by
Stark's Truck & Off-Highway Ledger ( http://www.starks-news.com ) for
exceptional financial management of automotive assets.  It is the second time
in four years that the DaimlerChrysler executive is singled out by the
respected business publication for the citation.
    "Through the 1998 merger of the former Daimler-Benz AG of Germany and
Chrysler Corp., the company unsurprisingly continues to reap record profits
and higher margins from record production volume at an increased number of
assembly plants," the business journal explained.
    "Vehicular production capacity use has soared more than 100 per cent in
1999 and 1998... DaimlerChrysler Corp. has converted two highly visible
liabilities into performing assets.  It already has distanced itself from high
fixed costs and continues to consistently beat competition to the marketplace
with new cars and trucks.  The vehicles take less time to develop and require
lower financial investment," it added.
    Stark's Truck & Off-Highway Ledger concluded, "The merger of Chrysler and
Daimler-Benz, under Eaton's watch, has successfully established high standards
for its competitors in the world car and truck-making business.  It's little
surprise that Mr. Eaton is drawing close to a goal of bench-marking
DaimlerChrysler as the 'number one transportation company' in the global
marketplace."