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DaimlerChrysler Announces Record 1999 Profit Sharing for Employees

28 February 2000

DaimlerChrysler Corporation Announces Record 1999 Profit Sharing For Chrysler Group Employees

    AUBURN HILLS, Mich., Feb. 28 -- Approximately 82,600
DaimlerChrysler Corporation hourly and salaried represented employees who work
in the United States on Chrysler, Dodge and Jeep products will receive record
profit sharing payments averaging $8,100.
    "We congratulate our Chrysler group employees for an exceptional year
resulting in a record setting profit sharing payment," said Jim Holden,
President, DaimlerChrysler Corporation.  "With this all-time-high payment, we
continue to lead the industry in rewarding our employees for their outstanding
contribution to building our world-class cars, light trucks and minivans."
    "Each worker should feel very proud of this profit sharing payment," said
Nate Gooden, Vice President and Director, DaimlerChrysler Department, UAW.
"This profit sharing payment is a reflection of our dedicated workforce and
the partnership we have with the management of DaimlerChrysler."
    Since 1992, eligible Chrysler group U.S. hourly and salaried represented
employees have received average profit sharing payments totaling $43,929.
    Additionally, about 20,100 professional-administrative and management
employees will be eligible for profit sharing payments based on the same
formula.
    Chrysler Corporation began offering profit sharing payments to employees
in 1988.  This year marks the eighth consecutive year DaimlerChrysler has
distributed profit sharing payments to U.S. hourly and salaried represented
employees.