Chrysler Group Increases Purchases from Minority Suppliers in 2006

• $3.9 billion spent with minority suppliers in 2006, representing 13.5 percent of total purchases

• Minority spending increased by $150 million compared to 2005 levels

• Since 1983, Chrysler Group has sourced more than $34 billion to minority-owned companies

Chrysler Group announced today that it spent $3.9 billion with minority suppliers in 2006, representing 13.5 percent of its total purchasing and an increase of $150 million from the previous year. In the last eight years, the company has increased the amount spent with minority suppliers by 129 percent, from $1.7 billion in 1998 to $3.9 billion in 2006. This significant increase continues Chrysler Group’s long-term commitment to the economic development and growth of its minority suppliers.

“Our minority-owned suppliers are dedicated to producing high-quality, cost-effective products for the Chrysler Group,” said Peter Rosenfeld, Executive Vice President — Procurement & Supply, Chrysler Group. “Those companies that meet or exceed our standards in quality, technology, systems cost and supply are creating new opportunities for themselves.”

The Company’s diversity supplier development initiatives extend to its Tier 1 and Tier 2 supplier base. Tier 1 suppliers are expected to source at least 8.5 percent of their procurement through qualified minority suppliers during the 2007 calendar year. Chrysler Group supports several organizations geared to assisting Tier 1 suppliers achieve these goals, including the National Minority Supplier Development Council (NMSDC) and the Canadian Aboriginal Minority Supplier Council (CAMSC). In fact, the Chrysler Group helped establish the CAMSC organization in 2004.

“Chrysler Group’s development programs increase the range of talent and resources available to the company,” said Jethro Joseph, Senior Manager — Diversity Supplier Development, Chrysler Group.

“Minority-owned firms have risen to the challenge both domestically and globally.”

Since 1983, Chrysler Group has purchased more than $34 billion from minority-owned companies and has developed a number of programs to build its minority supplier base.