A Message from Tom LaSorda

Dear Employees,

Forging the right tactical partnerships is critical to our long-term success. Today we will be announcing two new agreements with Nissan for the supply of products between both companies.

Nissan will manufacture an all-new small car for us based on a unique Chrysler concept and design. This new segment entry will be sold in North America, Europe and other markets in 2010 and manufactured at Nissan�s Oppama Plant in Japan.

In addition, we will manufacture a full-size pickup for Nissan. Based on a unique Nissan design, this truck will be produced at our Saltillo (Mexico) Assembly Plant. To accommodate this product, we will shift volume from Mexico to our truck assembly plants in St Louis, Mo., and Warren, Mich. Sales of the new Nissan pickup in North America will start in 2011.

This latest agreement extends a long-standing relationship between our two companies. Nissan affiliate JATCO has been supplying Chrysler with transmissions since 2004. And as you know, in January, Nissan agreed to supply us with a new car based on the Nissan Versa sedan for limited distribution in South America in 2009.

This newest agreement benefits both companies through range extension and the use of global manufacturing capacity. It will give us access to vehicle segments in markets in which we currently do not compete, yet minimize costly investments -� such as, new plant infrastructure and tooling, with a company that has a proven track record in this vehicle segment around the world.

This agreement leverages the strength of both companies -� Chrysler in the full-size pickup segment and Nissan with small cars.

Growth in new vehicle segments in North America and around the world is one of the keys to our Recovery and Transformation Plan (RTP). Currently, we are expanding our sales and operations in international markets and seeking out new growth opportunities around the globe.

As a company, we need to continue to respond rapidly and creatively to emerging opportunities. As employees, we need to execute our roles flawlessly. Together, a sound growth strategy and flawless execution will fuel a successful future for our company.

Sincerely,

Tom

TEXT OF PRESS RELEASE:

CHRYSLER AND NISSAN CONFIRM NEW OEM PRODUCT AGREEMENTS

AUBURN HILLS, Mich / TOKYO (April 14, 2008) � Chrysler LLC and Nissan Motor Co., Ltd., today announced two new agreements for the supply of products between both companies. In January, Nissan agreed to supply Chrysler with a new car based on the Nissan Versa sedan for limited distribution in South America on an Original Equipment Manufacture (OEM) basis in 2009.

This new OEM exchange benefits both companies through range extension and the utilization of global manufacturing capacity. Highlights of the new agreement:

Nissan will manufacture an all-new, fuel-efficient small car based on a unique Chrysler concept and design. This new segment entry for Chrysler will be sold in North America, Europe and other global markets in 2010, and manufactured at Nissan�s Oppama Plant in Japan.

Chrysler will manufacture a full-size pickup for Nissan. Based on a Nissan unique design, this truck will be manufactured at Chrysler�s Saltillo (Mexico) Assembly Plant. In order to accommodate this product, Chrysler will shift volume from Mexico to its U.S.-based assembly plants that produce pickup trucks. Sales of the pickup in North America will start in 2011.

This latest OEM supply agreement extends a long standing product exchange relationship between the two corporations, with Nissan affiliate JATCO already supplying Chrysler with transmissions since 2004.

�Forging the right tactical partnerships is critical to the long-term success of Chrysler,� said Tom LaSorda, Chrysler LLC President and Vice Chairman. �It also builds on the Company�s inherent strengths, including the ability to respond rapidly and creatively to emerging opportunities.�

�In January, we said we would continue to look for additional OEM opportunities with Chrysler,� said Carlos Tavares, Executive Vice President, Nissan Motor Company. �This latest agreement builds on Nissan�s proven track record to deliver win-win product exchanges with multiple manufacturers around the world,� continued Tavares.

Since the signing of the first OEM agreement in January, the two companies have also agreed to maintain an open dialogue to explore further product-sharing opportunities.