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PRESS RELEASE

Dr. Rudolf Steinle Appointed President & CEO of
Mitsubishi Fuso Truck Thailand Co. Ltd.

September 12, 2005

Tokyo - Mitsubishi Fuso Truck & Bus Corporation (MFTBC) has named Dr. Rudolf Steinle President & CEO of Mitsubishi Fuso Truck Thailand Co. Ltd. Dr. Steinle will be responsible for all aspects of the company’s participation in the Thailand commercial vehicle market. He succeeds Mr. Tetsuo Matsuzawa, who is returning to Tokyo to undertake key projects in MFTBC’s finance department

“Dr. Steinle’s broad experience in global truck and automotive business will prove invaluable to our efforts in the Thailand commercial vehicle market,” said Mr. Bert van Dijk, MFTBC Board Member and responsible for International Sales & Service. “At the same time, we thank Mr. Matsuzawa for his excellent service in Thailand since July of 2004.”

A wholly-owned subsidiary of MFTBC , Mitsubishi Fuso Truck Thailand Co. Ltd. offers a full range of commercial vehicles from 3.5 tons and higher to the Thailand market. In 2004, Thailand sales of Mitsubishi Fuso vehicles totaled 1,700 units (wholesale).

Dr. Steinle began his career with DaimlerChrysler (then Daimler-Benz) in 1984. He has held a variety of positions including head of the controlling department at the Mercedes-Benz plant in Bremen, Germany (1993-1996) and Controller of Mercedes-Benz U.S.A. in Montvale, New Jersey (1996-2001). In January 2001, he joined the controlling department of Mitsubishi Motors Corporation (MMC) in Tokyo. From January 2003 to December 2004, he served as Executive Vice President & Chief Financial Officer for Mitsubishi Motors (Thailand) Co., Ltd. Since January 2005, he has been working on strategic projects in International Sales & Service for MFTBC.

Dr. Steinle was educated at the Universities of Tuebingen and Regensburg and graduated as a doctor of economics in 1993 from the University of Bayreuth.

Mitsubishi Fuso Truck & Bus Corporation (MFTBC), a fully consolidated subsidiary of DaimlerChrysler AG, is one of Asia’s leading commercial vehicle manufacturers. In 2004, MFTBC sold in the international markets outside Japan approximately 115,000 commercial vehicles (+25 % versus 2003), while keeping its number one position in Southeast Asia.

DaimlerChrysler AG owns 85% of MFTBC shares. The remaining 15% of shares continue to be held by various Mitsubishi group companies. Mitsubishi Fuso is an integral part of DaimlerChrysler’s Commercial Vehicle Division.

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