DBRS HOSTS TELECONFERENCE ON NORTH AMERICAN AUTOMAKERS ON TUESDAY, AUGUST 19 AT 10:30 AM EDT

DBRS will host a teleconference on Tuesday August 19th at 10:30 am EDT to discuss today’s actions on Chrysler LLC (Chrysler), General Motors Corporation (GM) and Ford Motor Company (Ford), as well as Ford Motor Credit Company (Ford Motor Credit). DBRS took rating actions on the three companies as follows:

-- Chrysler’s Issuer Rating has been downgraded to CCC (high) from B. DBRS has also assigned recovery and instrument ratings to Chrysler’s First Lien Secured Credit Facility and Second Lien Secured Credit Facility of RR1/B (high) and RR5/CCC (previously rated B low) respectively. All trends are Negative.

-- GM’s Issuer Rating has been downgraded to B (low) from B (high). Additionally, DBRS has assigned recovery and instrument ratings to GM’s Secured Credit Facilities and Long-Term (Unsecured) Debt of RR2/B (high) and RR4/CCC (high) respectively, (the secured credit rating is a newly assigned rating, while DBRS is confirming the long-term unsecured debt). All trends are Negative.

-- Ford’s Issuer Rating has been confirmed at B (low). As well, DBRS has assigned recovery and instrument ratings to Ford’s Senior Secured Credit Facilities and Long-Term Debt of RR3/B (previously rated B (high), the new rating a result of the Leveraged Finance Rating Methodology) and RR5/CCC (high) respectively. Ford Motor Credit’s Issuer & Long-Term Debt rating has also been confirmed at B. Notwithstanding the challenging environment, DBRS has confirmed Ford’s Issuer Rating and changed all trends to Negative.

The call will be hosted by Robert Streda, Vice President of Autos and Auto Parts and Kam Hon, Managing Director of the Industrials group.

To participate in the call please call the appropriate number for your region below:

Local callers: 416-695-7806
North American callers (toll free): 1-888-789-9572
International callers (toll free): 1-800-6578-9818
Participant pass code: 3269103

For additional information please see the press releases on Chrysler, Ford and GM from earlier today.

A replay of the teleconference will be available until Tuesday, August 26, 2008, at 11:59pm and can be accessed by dialing 416-695-5800 or 1-800-408-3053 and entering the pass code: # 3269103