Standard&Poor's Ratings Services' corporate credit rating reflects our assessment of Michigan-based automaker Chrysler Group LLC's business risk profile as "weak," and its financial risk profile as "aggressive" as defined by our criteria. We believe underlying company-specific business risks remain high, most notably: Still-high dependence on sales in North America and light trucks in particular, despite the ongoing introduction of more fuel-efficient vehicles in conjunction with its Fiat SpA partnership. Substantial execution risk of its ongoing repositioning and expansion under Fiat's direction (Fiat owns 58.5%). We view Chrysler's ownership by Fiat as a positive for business risk. We consider Chrysler strategically important to Fiat and the operational benefits to Chrysler from Fiat's oversight, management, and product integration could become
