Fiat Group Automobiles S.p.A., Chrysler Group International LLC and GAC Group Sign Framework Agreement to Expand Cooperation in

Fiat Group Automobiles S.p.A., Chrysler Group International LLC and GAC Group
           Sign Framework Agreement to Expand Cooperation in China

PR Newswire

DETROIT, Jan. 15, 2013

DETROIT, Jan. 15, 2013 /PRNewswire/ -- Fiat Group Automobiles S.p.A., Chrysler
Group International LLC and Guangzhou Automobile Group Co., Ltd. (GAC Group)
have signed a Framework Agreement to expand their cooperation on passenger car
manufacturing and sales in China.

The agreement was signed at Chrysler Headquarters in Auburn Hills, Mich., by
Zeng Qinghong, General Manager of GAC Group, and Mike Manley, Chief Operating
Officer (COO) for Asia Pacific (APAC) region, Fiat S.p.A., and President and
CEO of Jeep® Brand, Chrysler Group LLC.

According to the framework agreement, the joint venture between GAC, Fiat and
Chrysler Group International, which currently manufactures Fiat Viaggio and
distributes imported models such as the Fiat 500, Freemont and Bravo in China,
will expand its operations to allow the localization in the coming years of
more models from the Fiat portfolio to be introduced in the Chinese market.
After Fiat, the next brand planned to be localized by the GAC Fiat JV will be
Chrysler Group's Jeep brand (production in China for Chinese market only.)

"Following the successful launch of the first product of our JV, the Fiat
Viaggio launched last September, this agreement is another milestone of our
partnership with Fiat and Chrysler Group. It definitely creates the basis for
our JV to reach very ambitious objectives in Chinese market," said Zeng
Qinghong, General Manager of GAC Group.

"2012 was a fruitful year for us. In China, we've gained very positive
feedback about the Fiat Viaggio. At the same time, Jeep Brand set an all-time
sales record both in China and worldwide, which we are proud of," said Mike
Manley, Chief Operating Officer (COO) for Asia Pacific (APAC) region, Fiat
S.p.A., and President and CEO of Jeep Brand, Chrysler Group LLC. "The
expansion of the agreement with our GAC partners will allow us to unleash the
potential of both our Fiat and Chrysler Group brands in China."

GAC Fiat Automobiles Co., Ltd.
GAC Fiat Automobiles Co., Ltd. (GAC Fiat), incorporated on March 9, 2010, is
jointly invested by Guangzhou Automobile Group Co., Ltd. (GAC) and Fiat Group
Automobiles S.p.A. (FGA) on a 50:50 basis with the initial investment of RMB 5
billion Yuan and authorized capital of 1.8 billion Yuan.

The Company is located in Changsha Economic & Technical Development Zone,
covering an area of over 700,000 square meters. It is mainly engaged in the
research and development, manufacturing, sales and after-sales services of
vehicle, engines and parts & components. The plant will have an annual
production capacity of 140,000 vehicles in Phase I and an annual capacity of
250,000 - 300,000 vehicles in Phase II. Currently it is producing Fiat Viaggio
and the 1.4T-jet engine, and selling both local produced Fiat Viaggio and
import products, Fiat Bravo, Fiat500 and Fiat Freemont. The plant provides
direct and indirect employment to 3,000 people.

More details please refer to www.gacfiatauto.com.

SOURCE Chrysler Group LLC

Website: http://www.chryslergroupllc.com
Contact: Ariel Gavilan, Chrysler Group LLC, +1-248-512-3404 (office),
+1-248-495-4645 (cell), ariel.gavilan@chrysler.com, Pernilla Ding,
Fiat-Chrysler Asia Pacific Region, +86 137 6183 7447 (cell),
pernilla.ding@fiatspa.com.cn, Chen Jian, GAC Group, +86 136 7244 2610 (cell),
chenj@gagc.com.cn
 
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