Chrysler Group Establishes Foundation to Honor Sergio Marchionne

       Chrysler Group Establishes Foundation to Honor Sergio Marchionne

PR Newswire

AUBURN HILLS, Mich., Dec. 5, 2012

AUBURN HILLS, Mich., Dec. 5, 2012 /PRNewswire/ -- The Chrysler Group LLC Board
of Directors has approved the establishment of a charitable foundation in
recognition of the leadership and outstanding dedication of Sergio Marchionne
as CEO for Chrysler Group LLC.

"Sergio is an exceptional leader with the unique ability to inspire his people
and lead change. Creating this foundation is a fitting tribute to all that has
been accomplished at Chrysler," said Ronald L. Thompson, Lead Director of
Chrysler Group LLC Board of Directors. "This foundation will ensure that the
values and impact of his leadership will be felt by many others, while the
structure ensures that funding for the foundation reflects Chrysler Group's
future success."

"I am extremely privileged and thankful to have this foundation established
given the extraordinary commitment made by all stakeholders in the rebirth of
Chrysler after the events of 2009," Marchionne said. "The action being
proposed by the Board of Directors provides an opportunity to support
important causes consistent with the values of Chrysler, with an initial focus
on the educational needs and ambitions of our employees' children."

This recognition is further testament to Sergio Marchionne's ability to lead
by example and inspire others to make a positive difference. It is well known
that Sergio Marchionne continually refuses compensation for his duties as
Chrysler Group CEO.

The annual contribution over the next five years is expected to amount to a
value of five million Chrysler units, with the initial contribution
anticipated in December of 2013. The foundation's awards for educational
support will begin in 2014 with more specific information and guidelines
available in 2013.

SOURCE Chrysler Group LLC

Contact: GUALBERTO RANIERI, +1-248-512-2227 (office),; or Shawn Morgan, +1-248-512-2692 (office), or
+1-248-760-2621 (cell), or
Press spacebar to pause and continue. Press esc to stop.