Formation of Chrysler Group LLC Board Is Completed

Nine-Member Board Brings Wide-Ranging Experience and Skills to Board's Mission
to Advance Chrysler's Future Viability

AUBURN HILLS, Mich., July 5 /PRNewswire/ -- Chrysler Group LLC announced the
appointment of additional members to its Board of Directors, completing the
nine-member Board that will provide oversight to the Chrysler Group.

"The formal creation of our Board of Directors is another important step
toward building a viable Chrysler Group for the long term," said C. Robert
Kidder, acting Chairman of the Board which is expected to hold its first
meeting on July 29. "Our board members bring a wealth of talent and experience
in areas such as transportation, finance and investing, energy and government.
We will work together as a Board of Directors to support Chrysler Group's
success to the benefit of all stakeholders."

Kidder, currently Chairman and CEO of 3Stone Advisors LLC, was previously
announced to the Chrysler Group LLC Board of Directors on May 20. Joining
Kidder on the board are: Alfredo Altavilla, CEO of Fiat Powertrain
Technologies; James Blanchard, former U.S. Congressman and Governor of
Michigan; George F.J. Gosbee, Chairman, CEO and President of Tristone Capital
Inc.; Sergio Marchionne, CEO of Chrysler Group LLC and CEO of Fiat S.p.A;
Douglas Steenland, former CEO of Northwest Airlines; Scott Stuart, a founding
partner of Sageview Capital LLC; Ronald L. Thompson, Chairman of the Board of
Trustees for Teachers Insurance and Annuity Association (TIAA); and Stephen
Wolf, Chairman of R.R. Donnelley & Sons Co.

"While Chrysler Group LLC is a private company, the Board is focused on
supplying the strong governance that would be expected of a public company,"
Kidder said. "We are looking forward to working as a single team to provide
the oversight, guidance and expertise that will help make Chrysler Group
successful."

Chrysler Group LLC's Board of Directors includes the following individuals:

Alfredo Altavilla is the Chief Executive Officer of Fiat Powertrain
Technologies and Senior Vice President of Business Development of Fiat Group
Automobiles. He joined Fiat Auto in 1990 as manager of product development,
playing roles of increasing responsibility in the field of international
ventures and strategic planning.

James J. Blanchard, Partner and Co-Chairman, Regulatory and Government Affairs
at DLA Piper, one of the world's largest law firms. He is former ambassador to
Canada, served two terms as governor of Michigan and four terms as a member of
the United States Congress.

George F.J. Gosbee, Chairman, CEO and President of Tristone Capital Inc., a
global energy advisory firm that provides fully integrated investment banking,
property acquisitions & divestitures, and global equity capital markets
services. Mr. Gosbee founded the firm in 2000, creating a unique model to
assist oil and gas companies by combining technical expertise with financial
professionals.

C. Robert Kidder, who currently serves on the boards of Morgan Stanley, where
he is the lead director, Schering-Plough Corporation, and Microvi Biotech Inc.
He previously served as Chairman and Chief Executive Officer of both Duracell
International Inc. and Borden Chemical Inc. and as director of such companies
as Electronic Data Systems Corporation and General Signal Corporation. During
his tenure with McKinsey and Co. Inc., he worked with a major OEM client in
the automotive industry. He currently is Chairman and CEO of 3Stone Advisors
LLC, an investment firm that focuses on clean-tech companies.

Sergio Marchionne, CEO of Chrysler Group LLC since June 2009. Previously, he
was appointed Chairman of CNH Case New Holland in April 2006 and CEO of Fiat
Group Automobiles in February 2005. He was appointed CEO of Fiat S.p.A. in
June 2004 and has been a Member of the Board since May 2003. He is Chairman of
SGS Group of Geneva, and among other positions he was CEO of SGS Group of
Geneva and was Chairman and CEO of Lonza Group Ltd.

Douglas Steenland, former CEO of Northwest Airlines. He joined Northwest
Airlines in 1991 as Vice President and Deputy General Counsel. After becoming
CEO in 2004, he successfully reshaped Northwest Airlines into a financially
viable airline. Mr. Steenland also worked as a Senior Partner at the
Washington, D.C. law firm of Verner, Liipfert, Bernhard, McPherson, and Hand
and served in the Office of the General Counsel of the U.S. Department of
Transportation.

Scott Stuart, a founding partner of Sageview Capital LLC, and former partner
and member of the investment committee at Kohlberg Kravis Roberts & Company
(KKR). He currently serves on the board of EverBank Financial Corp., Aveos
Fleet Performance Inc. and previously served on such boards as Borden
Chemical, Inc., Duracell International Inc., Nabisco, Inc. and Sealy
Corporation.

Ronald L. Thompson, Chairman of the Board of Trustees for Teachers Insurance
and Annuity Association (TIAA), a for-profit life insurance company that
serves the retirement and financial needs of faculty and employees of colleges
and universities, hospitals, cultural institutions and other non-profit
organizations. He previously owned and operated Midwest Stamping Company of
Maumee, Ohio, and rapidly grew the business into a first tier automotive
supplier and one of the largest minority-owned companies in the U.S.

Stephen Wolf, Chairman of R.R. Donnelley & Sons Co. His career in the aviation
industry began in 1966 with American Airlines. After positions at Pan American
World Airways, Continental Airlines and Republic Airlines, he served as
Chairman and Chief Executive Officer of UAL Corporation and United Air Lines,
Inc. from 1987 to 1994. He became Managing Partner of Alpilles LLC in 2003.

About Chrysler Group LLC
Chrysler Group LLC, formed in 2009 from a global strategic alliance with Fiat
Group, produces Chrysler, Jeep(R), Dodge, Mopar(R) and Global Electric Motors
(GEM) brand vehicles and products. With the resources, technology and
worldwide distribution network required to compete on a global scale, the
alliance builds on Chrysler's culture of innovation - first established by
Walter P. Chrysler in 1925 - and Fiat's complementary technology - from a
company whose heritage dates back to 1899.

Headquartered in Auburn Hills, Mich., Chrysler Group LLC's product lineup
features some of the world's most recognizable vehicles, including the
Chrysler 300, Jeep Wrangler and Dodge Ram. Fiat will contribute world-class
technology, platforms and powertrains for small- and medium-sized cars,
allowing Chrysler Group to offer an expanded product line including
environmentally friendly vehicles.

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SOURCE Chrysler Group LLC

Gualberto Ranieri, +1-248-512-2226 (office), +1-847-778-4162 (cell),
gualberto.ranieri@chrysler.com