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CHRYSLER ISSUES STATEMENT IN RESPONSE TO PASSAGE OF H.R. 5100, THE TRADE BILL

 CHRYSLER ISSUES STATEMENT IN RESPONSE TO PASSAGE OF H.R. 5100,
 THE TRADE BILL
 WASHINGTON, July 8 /PRNewswire/ -- Chrysler issued the following statement in response to the passage of the Trade Bill H.R. 5100:
 The passage of H.R. 5100 -- especially since it includes the Levin-Gephardt Amendment -- is a positive step toward correcting some of the inequities that exist in our trade relations with Japan. It has the potential -- and we emphasize the word "potential" -- of opening up the Japanese market for hundreds of thousands of U.S. cars.
 We commend Congressmen Levin and Gephardt for their work on the amendment. They and their colleagues have sent a clear message to Japan: The U.S. Congress is going to demand fairness in trade matters and is not going to simply accept empty promises that something will be done at some unspecified time down the road.
 Too much is at stake. Thousands of American jobs are in jeopardy. The U.S.-Japan automotive deficit is now $33 billion, or 75 percent of the total U.S.-Japan trade deficit.
 We're glad the House has spoken so loudly and forcefully, and we hope the administration will give its support to the House action.
 -0- 7/8/92
 /CONTACT: John Guiniven of Chrysler, 202-862-5409/
 (C) CO: Chrysler Corporation ST: District of Columbia IN: AUT SU: LEG


DC -- DC029 -- 7631 07/08/92 18:03 EDT
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Publication:PR Newswire
Date:Jul 8, 1992
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