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CHRYSLER ANNOUNCES PRICE OF EQUITY OFFERING

 HIGHLAND PARK, Mich., Feb. 3 /PRNewswire/ -- A public offering of 46 million shares of common stock of Chrysler Corporation (NYSE: C) at a price of $38.75 per share was announced today.
 Of the shares being sold, 37 million are being offered in the United States by underwriters managed by The First Boston Corporation, Merrill Lynch & Co., Morgan Stanley & Co. Incorporated and Salomon Brothers Inc, and also managed by Lehman Brothers, J.P. Morgan Securities Inc., Paine Webber Incorporated and Smith Barney, Harris Upham & Co. Incorporated. Nine million shares are being offered in a concurrent international offering outside the United States by an international syndicate managed by Credit Suisse First Boston Limited, Merrill Lynch International Limited, Morgan Stanley International, Salomon Brothers International Limited, Swiss Bank Corporation and S.G. Warburg Securities. CS First Boston Group is serving as the global coordinator of the offering.
 The Company has granted the U.S. underwriters and international syndicate an option to purchase up to six million additional shares of common stock solely to cover over-allotments.
 If the option is fully exercised, the total number of shares being sold will be 52 million shares.
 The offering is part of the Company's plan to strengthen its financial condition, increase its liquidity and add to its equity base.
 A copy of the prospectus may be obtained from The First Boston Corporation, Park Avenue Plaza, 55 East 52nd Street, New York, N.Y. 10055.
 -0- 2/3/93
 /CONTACT: Rita McKay of Chrysler, 313-956-2894/
 (C)


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

ML -- DE003 -- 2248 02/03/93 09:15 EST
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Publication:PR Newswire
Date:Feb 3, 1993
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