---

Chrysler Corporation Completes its 1997 Share Buyback And Begins Previously Announced Buyback for 1998

4 November 1997

Chrysler Corporation Completes its 1997 Share Buyback And Begins Previously Announced Buyback for 1998

    AUBURN HILLS, Mich., Nov. 4 -- Chrysler Corporation
today announced that it has completed its $2 billion share buyback for 1997.
The Company also announced that it will now begin its previously announced
$2 billion 1998 share buyback, subject to market and general economic
conditions.
    "The recent activity in the global financial markets provided us with an
opportunity to complete our 1997 share buyback during October and enabled us
to begin our 1998 share repurchase immediately," said Robert J. Eaton,
Chairman, President and Chief Executive Officer.
    "Since 1995, we've spent approximately $5 billion repurchasing over
20 percent of our outstanding shares and paid out $2.6 billion in dividends,"
said Eaton.  "Our shareholders have good reason to be pleased with their
investment in Chrysler and we remain committed to returning solid value to
them."
    Chrysler previously announced that its Board of Directors approved the
1998 $2 billion increase to its share buyback program in conjunction with the
release of third-quarter 1997 earnings in October.  The additional share
buyback is expected to be completed by the end of 1998, subject to market and
general economic conditions, and will bring the Company's total share buyback
program to $7 billion since it was introduced.

SOURCE  Chrysler Corporation