Chrysler LLC Appoints New Executives; Christine K. Cortez to Retire

Simon Boag Named President – Mopar® / Global Service and Parts Scott R. Garberding Named Vice President – Global Alliance Operations Christine K. Cortez Announces Retirement

Auburn Hills, Mich., Jan 18, 2008 - Chrysler LLC today announced organizational changes and appointments in Mopar® and Global Alliance Operations. These moves will take immediate effect following Christine K. Cortez’ announcement of her intent to retire from her position as Senior Vice President – Global Service and Parts. "Chrysler is grateful to Chris for her 31 years of dedicated service and many contributions," said Chrysler Vice Chairman and President James E. Press. "She leaves with our most sincere well wishes." Simon Boag has been appointed as President – Mopar, Global Service and Parts, reporting to Press. Boag will be responsible for Global Service, International Service and Parts, Global Parts Marketing, Service Contracts and Global Parts Supply Chain Management. Boag was recently appointed Executive Vice President – Global Alliance Operations. "As a result of Chris' decision to retire, Simon will immediately assume this critical new role," said Press. "Simon's strong background in manufacturing operations and procurement is a great fit with the needs of Mopar. It's important that he continue our focus on the customer and this incredibly strong brand." Scott R. Garberding replaces Boag and has been appointed Vice President – Global Alliance Operations, reporting to Chrysler Vice Chairman and President Thomas W. LaSorda. Garberding will lead the operations side of Chrysler's automotive alliances designed to expand the Company's global presence. Garberding will also work closely with Michael Manley, Executive Vice President – International Sales, Marketing and Business Development. Garberding most recently served as Vice President – Supplier Quality.