Chrysler LLC Statement in Response to White House and House Democrats Reaching Agreement on Cash for Clunkers Bill

Auburn Hills, Mich., May 5, 2009 - The following statement is attributed to John Bozzella, Senior Vice President - External Affairs and Public Policy, Chrysler LLC

"We applaud the Obama Administration and members of the House of Representatives for moving quickly to reach agreement on a broad fleet modernization program available to a range of manufacturers and consumers.

"The program will provide a strong boost to auto sales during the current economic downturn, while helping to replace older, less fuel-efficient vehicles with cleaner, safer, more fuel-efficient ones.

"The compromise draws on important elements from legislation drafted by Representative Betty Sutton (D-OH) and Representative Israel (D-NY)."