This Week:

• Supervisory Board Approves New Management For Chrysler Group
  .
• Senior Management Changes Announced at Chrysler Group 

• Massive increase in Porsche profits

• BMW X5 Achieves Best Performance Of Any SUV In Insurance Institute For Highway Safety Offset Crash Test
  .

• "Audi Forum Ingolstadt" almost completed / Official inauguration of the complete area in December / "museum mobile" as the focal point

• DaimlerChrysler, Ford And General Motors Partner To Develop Dealer Infrastructure Guidelines
  .

• GM Argentina Celebrates Production Of 100, 000th Vehicle

• Renault returns to Australia with strong Nissan support
  .

• Hayes Lemmerz International to Supply Crossmembers To Mitsubishi Motor Manufacturing 
  .
• Volkswagen of America, Inc. to Break Ground on New Multi-Million Dollar Parts Distribution Facility in Hazlett, Texas

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News of  November 21, 2000

Volkswagen of America, Inc. to Break Ground on New Multi-Million Dollar Parts Distribution Facility in Hazlett, Texas

AUBURN HILLS, Mich. - With growing regional sales and an expanding owner body in the southwest and west, Volkswagen of America has announced plans to build a new Parts Distribution Center (PDC) in Texas that will serve seven surrounding states.

The new PDC will be constructed in the Alliance Development in Hazlett, Texas, a suburb of Fort Worth.  The Alliance Development is a 9,600-acre, master-planned international trade and logistic center.  Volkswagen will join other Fortune 500 companies who are already established as Alliance customers including: Nokia, General Mills, Ryder, John Deere, Hewlett-Packard and Kraft Foods.  The development has many features to accommodate Volkswagen's needs including an industrial airport and intermodal rail hub center.

Volkswagen's developer is Hazlett's Hillwood Development Company. Gromatzky, Dupree and Associates is designing the 360,000 square-foot building to be Volkswagen's largest PDC in North America.  The facility will house over 85,000 part numbers on 24 acres of land in the Westport at the Alliance Development.

Lincoln Builders Inc. of Fort Worth and Volkswagen of America, Inc. will formally celebrate a ground breaking for the facility on November 27, 2000 and expect it to be operational by July 2001.  When complete, the facility will employ between 50 and 100 associates to serve 51 Volkswagen and 23 Audi dealerships.  The Hazlett PDC will be centrally located to serve dealers from Texas, Louisiana, Oklahoma, Arkansas, New Mexico, Colorado and Wyoming.

(Nov. 20, 2000)

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