AUBURN HILLS, Mich., July 24 /EMWNews/ -- Today, Daimler AG reported

on its 19.9 percent share of Chrysler Holding LLC's first quarter 2008

results under IFRS. Daimler AG's results for Chrysler Holding LLC include

net losses of euro 65 million on a U.S. GAAP basis, of which a euro 55

million net loss is attributable to the automotive business of Chrysler

LLC.



    The difference between the loss of euro 373 million reported by Daimler

AG related to its 19.9 percent interest in Chrysler Holding LLC and the

euro 65 million of net losses is attributable to the following:



    -- Adjustments for differences between U.S. GAAP and International

Financial Reporting Standards (IFRS) - (euro 130 million loss)



    -- Daimler AG adjustments related to Chrysler LLC's 2007 restructuring

actions - (euro 73 million loss)



    -- Other Daimler AG adjustments not related to Chrysler Holding LLC

results - (euro 88 million loss)



    -- Daimler AG impairment of its rights related to Chrysler vehicle

residual values - (euro 17 million loss)



    Chrysler Holding LLC is comprised of Chrysler LLC, the automotive

company which manufactures and sells Chrysler, Dodge and Jeep(R) vehicles

worldwide and Chrysler Financial which provides financial services for

these vehicles in the North American region.