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CHRYSLER ISSUES STATEMENT

 CHRYSLER ISSUES STATEMENT
 HIGHLAND PARK, Mich., Feb. 12 /PRNewswire/ -- The following is a


Chrysler statement in response to speculation by the Association of International Automobile Manufacturers that domestic minivan and sport utility prices would rise if Customs duties were increased:
 There is no reason for this group, representing the Japanese car companies, to speculate that Chrysler, or the domestic auto industry for that matter, would raise the prices of our vehicles if Japanese manufacturers raise theirs to offset an anticipated boost in Customs duties.
 Based on history, there is no evidence to support that conclusion. Since September 1985, Chrysler prices have increased only 11.6 percent compared to an increase of 45.6 percent for Japanese vehicles. The Consumer Price Index increased 31 percent during the same period.
 In addition, retail sales incentives to consumers have ballooned from an average of less than $300 in 1985 to over $1,200 at the end of 1991, making Chrysler vehicles even more of a value.
 The issue is not one of domestic pricing. The issue is whether foreign minivans should be treated like other imported trucks -- as they are by the U.S. on issues relating to safety, emissions and fuel economy -- and taxed accordingly generating some $400 million in additional federal revenues. Or if they should be exempt and given preferential treatment when it comes to Customs duties.
 -0- 2/12/92
 /CONTACT: Tom Jakobowski of Chrysler, 313-956-1881 or 313-956-2894/
 (C) CO: Chrysler Corporation; Association of International Automobile
 Manufacturers ST: Michigan IN: AUT SU:


SM -- DE026 -- 9405 02/12/92 16:33 EST
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Publication:PR Newswire
Date:Feb 12, 1992
Words:262
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/C O R R E C T I O N -- Chrysler LLC/.

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