Government of Canada Congratulates Chrysler on Successful Court-Supervised Restructuring

Market Wire, June, 2009

Today, in reaction to Chrysler Group LLC's emergence from court-supervised restructuring in the United States, the Honourable Tony Clement, Minister of Industry, issued the following statement:

"I would like to acknowledge that Chrysler Group LLC has successfully emerged from bankruptcy protection in a timely and efficient manner. The Government of Canada is confident that we will see a competitive Chrysler Canada Inc. that will produce and sell Canadian-made cars and will continue to play an important role in the company's North American operations.

"A restructured Chrysler is good news for the Canadian auto parts supply chain and for Canadian consumers. The company can now focus on producing top quality vehicles that consumers want.

"Moving forward, the Government of Canada will continue to work toward strengthening our country's auto industry, while exercising rigorous oversight over the use of taxpayer money."

Contacts: Office of the Honourable Tony Clement Minister of Industry Pema Lhalungpa - Press Secretary 613-995-9001 Industry Canada Media Relations 613-943-2502