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CHRYSLER RESPONSE TO PRESS QUERIES

 HIGHLAND PARK, Mich., Dec. 18 /PRNewswire/ -- Responding to press inquiries, Chrysler (NYSE: C) Chairman Lee A. Iacocca said that Chrysler's financial strategy is focused on strengthening the company's balance sheet and regaining investment grade credit ratings. He said that, although no decision has been made, the company may issue new stock in the future if market conditions warrant. In wire service reports earlier today, Iacocca was reported to have indicated that Chrysler has no immediate plan to issue new stock.
 With respect to the so-called OPEB charge for retiree health care benefits, Iacocca said Chrysler has made no final decision on whether to recognize this non-cash charge on a one-time basis, either in 1992 or in the first quarter of 1993, or over a 20-year period. He added, however, that Chrysler's current estimate of its so-called transition obligation is approximately $4.5 to $5 billion on an after-tax basis. The previous estimate had been as high as $4 billion.
 -0- 12/18/92
 /CONTACT: Steve Harris or Tom Houston of Chrysler, 313-956-2894/
 (C)


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

SB -- DE020 -- 8406 12/18/92 16:47 EST
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Publication:PR Newswire
Date:Dec 18, 1992
Words:190
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