Bargaining Updates

October 27, 2007: UAW Ratifies Contract October 27, 2007 Contact: Michele Tinson (248) 512-0366 (office) (248) 705-2456 (cell) mt19@chrysler.com David Elshoff (248) 512-2690 (office) (248) 797-2300 (cell) dte@chrysler.com Mike Aberlich (248) 512-2704 (office) (248) 635-7072 (cell) mfa@chrysler.com Chrysler LLC Confirms the United Auto Workers Ratification of the 2007 National Labor Agreement Agreement includes independent retiree health care trust Future competitiveness heightened by constructive agreement Auburn Hills, Mich. - Chrysler LLC today confirmed a new Chrysler-UAW 2007 national labor agreement, in response to the UAW's ratification results. Chrysler and the UAW reached a tentative agreement on Wednesday, October 10, after three months of bargaining. "We are pleased that our UAW employees recognize that the new agreement meets the needs of the company and its employees by providing a framework to improve our long-term manufacturing competitiveness," said Tom LaSorda, Vice Chairman and President, Chrysler LLC. Chrysler LLC, headquartered in Auburn Hills, Mich., produces Chrysler, Jeep® , Dodge and Mopar ® 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 extended that streak with eight all-new products in 2007. Its produce lineup features some of the world's most recognizable vehicles, including the Chrysler 300, Jeep Commander and Dodge Charger. Chrysler is a unit of Cerberus Capital Management.

October 16, 2007: Labor Agreement Highlights Here are highlights of the tentative four-year labor agreement between Chrysler LLC and the UAW. There are two files, one for hourly workers and one for salaried. UAW Chrysler Salaried Workers UAW Chrysler Hourly Workers

Members of the UAW Chrysler Council gather outside Cobo Center in Detroit after hearing details of a proposed new four-year labor agreement

October 15, 2007-Chrysler Council Approves Contract Ratification The UAW Chrysler Council voted overwhelmingly to recommend ratification of a new tentative labor agreement with Chrysler reached on Oct. 10. Local union leaders voted to recommend ratification by UAW members after meeting Monday (10/15) at Cobo Center in Detroit where they were briefed on details of the proposed new contract.

5:47 PM October 10, 2007 Auburn Hills, Mich., October 10, 2007, Attribute to Tom LaSorda, Vice Chairman and President, Chrysler LLC: Chrysler LLC and the UAW have reached a tentative agreement on a new national labor contract, covering approximately 45,000 represented employees. The agreement is subject to UAW member ratification. The tentative agreement includes a memorandum of understanding to establish an independent retiree health care trust, as well as other changes to the national agreement. Following ratification, implementation of the memorandum of understanding is subject to approval by the courts and satisfactory review of accounting treatment with the Securities Exchange Commission. The national agreement is consistent with the economic pattern, and balances the needs of our employees and company by providing a framework to improve our long-term manufacturing competitiveness. At this time, we cannot discuss specifics of the agreement pending a ratification vote - an internal UAW process. Contact: Michele Tinson (248) 512-0366 (office) (248) 705-2456 (cell) mt19@chrysler.com; David Elshoff (248) 512-2690 (office) (248) 797-2300 (cell) dte@chrysler.com; Mike Aberlich (248) 512-2704 (office) (248) 635-7072 (cell) mfa@chrysler.com

1:19PM Eastern October 10, 2007 Media reports indicate that a UAW strike began at 11 a.m. Eastern time at some Chrysler LLC facilities. At this time, no official statement from the UAW has been issued. The company will wait for an official UAW statement before issuing a response.

October 8, 2007 Strike Deadline Chrysler is confirming the UAW has set a strike deadline of 11 a.m. eastern daylight time, Wednesday, October 10.

11:30 a.m. EDT September 26, 2007: Labor Talks Update We look forward to working with the UAW in finalizing a responsible agreement that meets the needs of the Company, our employees and the UAW.

7:00 p.m. EDT September 13, 2007: Labor Talks Update We are making constructive progress in the Company's national labor contract negotiations. Chrysler and the UAW have agreed to continue bargaining past the expiration of the national contract (September 14). We cannot speculate on when a tentative agreement will be reached. Once an agreement has been made, it is subject to ratification -- a UAW internal process -- and then implemented.

Statement by Tom LaSorda, Chrysler Group President and Chief Executive Officer Regarding the Start of 2007 Contract Negotiations with the UAW

Auburn Hills, Mich. - It’s been four years since our last round of negotiations with the UAW, and since then, a lot has changed for our industry, and for Chrysler.

Today, the domestic auto industry faces unprecedented challenges, and we can no longer afford to conduct “business as usual.”

Our circumstances demand that we re-think our approach to our business and achieve true change.

In addition, Chrysler finds itself in a historically unique position, as we finalize the major step of going from a public entity to private ownership … a first for a major domestic automaker.

We appreciate that the UAW has been engaged and supportive of this change in ownership, which further adds to the significance of these negotiations.

In short, never has there been a better time to re-examine every part of our business model … including our relationship with labor.

Negotiations are all difficult, and this one is no exception. The challenges we’re facing are clear, and we are committed to continue to work together with the UAW to do what’s necessary to build a strong and secure New Chrysler.

*Additional information and news from Chrysler Group is available at http://cgmedia.daimlerchrysler.com.