Chrysler Names James E. Press Vice Chairman and President

Auburn Hills, Michigan (ots/PRNewswire) -

- Chairman and CEO Robert L. Nardelli teams former Toyota chief with Vice
Chairman and President Thomas W. LaSorda
- "World-class supply and demand leaders"
- Joins Nardelli and LaSorda in new Office of the Chairman and on Board
of Directors of Chrysler LLC
- Press to run North American Sales, International Sales, Global
Marketing, Product Strategy, and Service and Parts

Chrysler LLC Chairman and CEO Robert Nardelli today announced the
appointment of James Press as Vice Chairman and President. Press, who
was President and Chief Operating Officer of Toyota Motors North
America and a Director of the parent company, will now be responsible
for North American Sales, International Sales, Global Marketing,
Product Strategy, and Service and Parts for Chrysler LLC.

"Tom LaSorda and I are thrilled that one of the most successful
executives in the history of the auto industry has joined our
leadership team at the New Chrysler," said Nardelli. "Our top team
now consists of a world-class 'supply' leader in Tom and an equally
world-class 'demand' leader in Jim."

"I've known Jim for many years and know that he will hit the
ground sprinting," said LaSorda. "I look forward to partnering with
him and Bob as part of the Office of the Chairman."

Press joins LaSorda as a Vice Chairman and President, reporting to
Nardelli. LaSorda's responsibilities will continue to include
Manufacturing, Procurement and Supply, Employee Relations and Global
Business Development and Alliances.

"I am grateful for the support and opportunities I received during
my three-plus decades at Toyota," said Press. "I relish this new
opportunity with the Chrysler team to be a part of the resurgence of
a true American icon here and around the world. Part of my new
responsibilities will be strengthening and energizing the dealer
body. This is something I was passionate about at Toyota and will be
passionate about at Chrysler."

Press joins Chrysler after 37 years with Toyota, where he most
recently served as the first non-Japanese President of Toyota Motor
North America, responsible for sales, engineering and the company's
15 manufacturing plants with 41,000 employees in North America. He
was also the first non-Japanese executive selected to the Board of
Directors of Toyota Motor Corporation.

During his tenure at Toyota, the company grew from an upstart new
company selling 100,000 vehicles per year to the second largest auto
company in the United States.

Press becomes a member of the Chrysler LLC Board of Directors and
the Board of Managers of Cerberus Operations and Advisory Co. (COAC),
LLC. Press joins LaSorda as Vice Chairman of COAC.

Chrysler LLC, headquartered in Auburn Hills, Mich., produces
Chrysler, Jeep(R), Dodge and Mopar(R) brand vehicles and products.
Total sales worldwide in 2006 were 2.7 million vehicles. Sales
outside of North America were the highest in a decade with an
increase of 15 percent over 2005. On the heels of the company's
record product launch year (Chrysler launched 10 all-new vehicles in
2006), the company plans to extend that streak with eight all-new
products in 2007. Its product lineup features some of the world's
most recognizable vehicles, including the Chrysler 300, Jeep
Commander and Dodge Charger. The Chrysler Foundation, the company's
philanthropic arm, gave US$23.6 million in grants in 2006. Chrysler
is a unit of Cerberus Capital Management.

Web site: http://media.chrysler.com
http://www.chrysler.com

ots Originaltext: Chrysler LLC
Im Internet recherchierbar: http://www.presseportal.de

Contact:
Jason Vines, +1-248-512-3164 (office), +1-248-752-3309 (cell),
jhv2@chrysler.com, or Mike Aberlich, +1-248-512-2704 (office),
+1-248-635-7072 (cell), mfa@chrysler.com, both of Chrysler LLC . NOTE
TO EDITORS: For more information, please visit the Chrysler media
site at http://cgmedia.daimlerchrysler.com. For more information
about 2007 labor negotiations, please visit
http://www.chryslerlabortalks07.com