| Chrysler Group broke ground recently at the future | | | | great automotive giant." |
| site of the Marysville Axle Plant its Marysville, Mich. | | | | The investment on the Marysville Axle Plant will in |
| Present at the ground breaking were Chrysler Group | | | | include engineering and development costs. It can be |
| executives joined by UAW officials with state and | | | | noted that the Auburn Hills-based Chrysler Group has |
| local dignitaries to celebrate the $700 million Michigan | | | | already invested $4.4 billion for its Southeast Michigan |
| investment. | | | | manufacturing operations since 2003. |
| The plant was considered a sign that the Chrysler | | | | About Chrysler Group |
| Group is taking to reach its recovery and | | | | Soon to become Chrysler Holding LLC is an American |
| transformation plan which hopefully when realized will | | | | automobile manufacturer that has been independently |
| help the company to regain financial health by 2008. | | | | manufacturing automobiles way back in the year |
| The axle plant is just one part of the Company's | | | | 1925. |
| "Powertrain Offensive" which is a $3 billion investment | | | | Last May 14, 2007 DaimlerChrysler AG announced the |
| to produce more fuel-efficient engines, axles, and | | | | sale of 80.1 percent of Chrysler to an American |
| transmissions for the Chrysler Group. | | | | equity firm, Cerberus Capital Management, L.P. Once |
| Construction on the new plant will start this summer | | | | the deal is completed Chrysler will then take on the |
| and will employ 900 people when it reaches full | | | | name Chrysler Holding LLC. |
| volume in 2010 and expected to produce 1.2 million | | | | Chrysler and its subsidiaries were part of the German |
| axles annually. Gary Orr, Mayor of Marysville, Mich., | | | | based DaimlerChrysler AG. The merger was dubbed |
| said, "We came together as several separate entities | | | | as a "Merger of Equals" with Daimler-Benz in 1998. |
| to formulate the requirements necessary to attract | | | | Before the acquisition in 1998, Chrysler Corporation |
| Chrysler Group to a project site for their new axle | | | | traded under the "C" symbol on the NYSE. Another |
| plant. For that we are so very grateful. As a City | | | | popular term for all Chrysler cars is Mopar which is |
| Council, we are excited and as Mayor of record I am | | | | the name for its parts operation which includes the |
| extremely proud, as an administrative team, we | | | | production of high quality Dodge Caravan parts. |
| stand ready to support the successful future of this | | | | |