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DaimlerChrysler Statement in Response to Monday's Supreme Court Ruling on Investment Tax Credits


May 2006
 Filed under: DAIMLERCHRYSLER CORPORATE Car News | DAIMLERCHRYSLER CORPORATE Headlines
AUBURN HILLS, Mich., May 15 /PRNewswire-FirstCall/ -- The following comments may be attributed to W. Frank Fountain, Senior Vice President External Affairs & Public Policy, DaimlerChrysler Corporation:
"The Supreme Court's ruling today is a big win for America because it sends a clear message that states will not be held hostage to lawsuits brought by individuals or groups with no direct connection to the issue at hand."

"Congress and the states should seek legislation to reinforce the ability to use tax incentives as a tool to compete for investment and jobs. Such legislation would be an important step to make the U.S. a more attractive destination for capital investment in this intensely competitive global economy. A wide range of business, labor, minority and civic groups, along with elected officials from both parties, voiced the importance of economic incentives to U.S. competitiveness and supported DaimlerChrysler's position in this case."

"DaimlerChrysler's U.S. economic impact includes direct and indirect employment of about 1.2 million American workers. We welcome opportunities to work with our federal and state partners to enhance our company's impact as our employees produce some of the best cars and trucks on the road today."

Source: Chrysler Group

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