Auburn Hills, - Graz, Austria facility to support Chrysler 300C production for markets outside of North America. Production launch targeted for second quarter 2005. Magna agreement another example of Chrysler Group's Business Model Flexibility.

After confirming ratification of a third shift agreement at Brampton (Ontario) Assembly Plant, Chrysler Group and Magna Steyr today announced plans to grow their production relationship by forming a manufacturing agreement for the Chrysler 300C Touring and Sedan vehicles for European and rest-of-the-world distribution. Magna Steyr's Graz, Austria facility will add the rear-wheel-drive and all-wheel-drive vehicles to its Chrysler Group production line up that currently includes the JeepR Grand Cherokee and the Chrysler Voyager.

"Since the introduction of the Chrysler 300C Touring and Sedan in markets outside of North America, the public response to the vehicles has been greater than we expected. For next year, demand from the markets is far beyond our original projections," said Dieter Zetsche, Chrysler Group President and Chief Executive Officer. "The production launch next year at Magna Steyr will enable us to have 300Cs on the ground quickly to meet growing market demand from a facility that has proven its expertise in building quality vehicles for world markets."