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PROFIT-SHARING PAYMENTS ANNOUNCED BY CHRYSLER

 HIGHLAND PARK, Mich., Jan. 29 /PRNewswire/ -- Chrysler Corporation (NYSE: C) today announced profit-sharing payments averaging $421 will be paid in March to the company's United Auto Workers Union (UAW)- represented hourly and salary employees.
 The profit-sharing payments will be made under provisions of the 1990 negotiated Profit Sharing Plan to an estimated 63,000 employees. The first profit-sharing payments made to Chrysler's UAW-represented hourly and salary workers of $720 was made in 1989.
 The company's 16,000 non-represented Professional-Administrative and Management Roll salary employees will also receive profit-sharing payments under a separate plan.
 "We're gratified to be making profit-sharing payments to Chrysler employees," Chrysler Chairman Robert J. Eaton said. "They contribute importantly to Chrysler's profitability, and profit-sharing payments are an excellent way to acknowledge their efforts."
 The 1989 payments were made under provisions of the 1988 Profit Sharing Plan. UAW bargaining unit employees of Chrysler received $500 payments in lieu of profit-sharing in 1987 and 1988 under provisions of the 1985 contract.
 -0- 1/29/93
 /CONTACT: Lee Sechler of Chrysler, 313-956-2894/
 (C)


CO: Chrysler Corporation ST: Michigan IN: AUT SU:

SB -- DE012 -- 0677 01/29/93 10:31 EST
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Publication:PR Newswire
Date:Jan 29, 1993
Words:190
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