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Message from Bob Nardelli

Posted Thursday, Apr 30, 2009, 7:10 am in Employee News

Dear Employees,

Today is the day that we expect the U.S. government to announce whether Chrysler has satisfied requirements to go ahead with our proposed global alliance with Fiat and qualify for additional federal loans. Following the Administration’s announcement, we will communicate to you further details on what the decision means for us.

Yesterday, UAW members voted to ratify a new labor agreement that will substantially improve Chrysler’s competitive position. We appreciate the sacrifices made by represented employees to aid our restructuring effort. This was the latest example of how so many of our constituents - employees, dealers, suppliers, lenders, Daimler and Cerberus have stepped up during this critical period to help ensure our viability.

With the guidance of the U.S. Treasury, we also continue to work with our lenders to establish a level of debt that would be serviceable under the proposed Fiat alliance. The agreement of all lenders continues to be a critical factor in our ability to meet government requirements and as such, remains our focus in the successful completion of our restructuring efforts.

On March 30, the U.S. Treasury announced that all Chrysler constituents would need to make significant concessions and that our company needed to conclude a strategic alliance with Fiat as a requirement of our government loans. In an extraordinary month of the Chrysler family pulling together - and with the assistance of the U.S. government as well as the Canadian federal and Ontario provincial governments - we have made great strides toward an alliance with Fiat. If successfully completed, this alliance will help sustain our business and will help bring exciting new products to our showrooms, supporting our mission to deliver the cars and trucks customers want to buy, will enjoy driving and will want to buy again.

Thank you again for your tireless efforts during this extraordinary time, and your dedication to ensuring Chrysler’s future success.

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