Content Wrapper

[rickaren]

Chrysler Group LLC Continues to Prevail in Vast Majority of Dealer Arbitration Cases

* 27 determinations have been rendered to date
* 21 on behalf of the Company
* 6 on behalf of arbitrating dealers
* Fewer than 115 arbitration cases remain

Auburn Hills, Mich. , Jun 3, 2010 - The actions to reduce our dealer network were a necessary part of Chrysler Group’s viability and central to the interim financing and partnership with Fiat. The only alternative would have been complete liquidation, which would have resulted in all 3,200 dealers closing, hundreds of thousands of lost jobs, and the Company defaulting on taxpayer loans. While we are pleased that the decisions of many arbitrators reflect a keen appreciation of these circumstances, Chrysler Group is disappointed that some decisions undermine the Federal Bankruptcy Court Order that affirmed the rationalization process used to reject the dealership agreements. Despite this, we are confident we have the dealer network in place that allows dealers to be successful, which will result in greater investment in their communities, employees and customers and, ultimately will enable the Chrysler Group to repay the U.S. Taxpayers in a timely manner.