Chrysler Crossfire Concept to Become Reality

          Chrysler Group Announces Production Intent of Sports Coupe

    PEBBLE BEACH, Calif., Aug. 19 Continuing its industry-
leading track record of taking breakthrough vehicle concepts to reality, the
Chrysler Group today announced its intention to build a production version of
the Chrysler Crossfire concept car.
    
    Voted one of show-goers' favorite concept cars on this year's auto show
circuit, the Chrysler Crossfire -- which combines American spirit and power
with international flair and proportions -- was unveiled at the 2001 North
American International Auto Show, in Detroit this past January.

    "You could just see the pure emotion in show-goers' reaction to the
Chrysler Crossfire," said Wolfgang Bernhard, Chief Operating Officer of the
Chrysler Group.  "Their eyes lit up with enthusiasm.  They didn't 'ask' if we
were going to build it; they practically 'demanded' that we build it.  We
believe this will be another home run for us, and we will make sure the
production version of the Chrysler Crossfire captures the emotion and
character of the concept car."

    The production version of the Crossfire concept will give the Chrysler
brand another exciting and aspirational vehicle -- joining the Chrysler PT
Cruiser, 300M, Town & Country and Prowler -- and reinforce the brand's
expressive and innovative appeal.

    As an image car, Crossfire represents Chrysler Group's flexibility and
speed in decision-making.  It also proves that the company's product pipeline
is full, with more unexpected and aspirational vehicles to come.

    "The Chrysler Group leads the industry in breakthrough vehicle design,"
said Jim Schroer, Executive Vice President of Global Sales and Marketing.
"The Chrysler Crossfire sets the tone for the sports coupe of the future --
much in the same way the Chrysler PT Cruiser redefined compact cars.  It's a
unique car that you fall in love with, a car that you aspire to own and are
proud to drive.  We recognize the importance of continuing to lead and being
progressive.  Crossfire is yet another example in Chrysler's long history of
being nimble and turning concepts into reality."

    The production version of the Chrysler Crossfire will stay true to its
American heritage, while adding global appeal.  Said Bernhard: "In only six
months, we solved all the technical and feasibility issues, completed a
business plan, and funded this product program."

    The company will announce more news about the Chrysler Crossfire at the
2002 Greater Los Angeles Auto Show next January.