Chrysler Group LLC Announces Receipt of Registration Demand from VEBA Trust

 Chrysler Group LLC Announces Receipt of Registration Demand from VEBA Trust

PR Newswire

AUBURN HILLS, Mich., Jan. 9, 2013

AUBURN HILLS, Mich., Jan. 9, 2013 /PRNewswire/--Chrysler Group LLC announced
today that it received a "registration demand" from the UAW Retiree Medical
Benefits Trust ("VEBA") pursuant to the terms of the Shareholders Agreement,
dated as of June 10, 2009. The demand requests the registration pursuant to
the Securities Act of 1933, as amended (the "Securities Act") of 270,769.6
Class A Membership Interests in Chrysler Group currently owned by VEBA,
representing approximately 16.6% of Chrysler Group's outstanding equity
interests.

Chrysler Group will comply with its obligations under the Shareholders
Agreement and its operating agreement, each of which is filed as an exhibit to
Chrysler Group's Annual Report on Form 10-K for the year ended December 31,
2011, with respect to the VEBA's registration demand.

There can be no assurance that a registration statement will be filed with the
Securities and Exchange Commission, or that if filed, that any such offering
will be made or as to the timing of any offering that is made. The securities
that are part of any such offering may not be sold nor may offers to buy be
accepted prior to the time that a registration statement under the Securities
Act becomes effective. Such offering will be made only by means of a
prospectus.

This press release does not constitute an offer to sell or the solicitation of
an offer to buy any securities nor shall there be any sale of these securities
in any state or jurisdiction in which such an offer, solicitation or sale
would be unlawful.

Forward-Looking Statements

This document contains forward-looking statements that reflect management's
current views with respect to future events. The words "anticipate," "assume,"
"believe," "estimate," "expect," "intend," "may," "plan," "project," "should"
and similar expressions identify forward-looking statements. Such statements
are subject to risks and uncertainties, including, but not limited to: the
effective implementation of the Chrysler Group LLC 2010 – 2014 Business Plan
outlined on Nov. 4, 2009 and subsequent updates, including successful vehicle
launches; industry SAAR levels; continued economic weakness, especially in
North America, including continued high unemployment levels and limited
availability of affordably priced financing for our dealers and consumers;
introduction of competing products and competitive pressures which may limit
our ability to reduce sales incentives; supply disruptions resulting from
natural disasters and other events impacting our supply chain; and our ability
to realize benefits from our industrial alliance with Fiat, particularly in
light of the economic crisis currently affecting several European countries.
If any of these or other risks and uncertainties occur, or if the assumptions
underlying any of these statements prove incorrect, then actual results may be
materially different from those expressed or implied by such statements. We do
not intend or assume any obligation to update any forward-looking statement,
which speaks only as of the date on which it is made. Further details of
potential risks that may affect Chrysler Group are described in Chrysler
Group's Annual Report on Form 10-K and its subsequent periodic reports filed
with the Securities and Exchange Commission.

About Chrysler Group LLC

Chrysler Group LLC, formed in 2009 to establish a global strategic alliance
with Fiat S.p.A., produces Chrysler, Jeep, Dodge, Ram, Mopar, SRT and Fiat
vehicles and products. With the resources, technology and worldwide
distribution network required to compete on a global scale, the alliance
builds on Chrysler Group's culture of innovation, first established by Walter
P. Chrysler in 1925, and Fiat's complementary technology that dates back to
its founding in 1899.

Headquartered in Auburn Hills, Mich., Chrysler Group's product lineup features
some of the world's most recognizable vehicles, including the Chrysler 300 and
Town & Country, Jeep Wrangler, all-new Dodge Dart, Ram 1500, Jeep Grand
Cherokee SRT8 and Fiat 500. Fiat contributes world-class technology, platforms
and powertrains for small- and medium-size cars, allowing Chrysler Group to
offer an expanded product line including environmentally friendly vehicles.

SOURCE Chrysler Group LLC

Website: http://www.chryslergroupllc.com
Contact: Gualberto Ranieri, +1-248-512-2226 (office), or +1-847-778-4162
(cell), gualberto.ranieri@chrysler.com; or Shawn Morgan, +1-248-512-2692
(office), or +1-248-760-2621 (cell), shawn.morgan@chrysler.com
 
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