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Fiat Chrysler Automobiles and Waymo jointly develop technology for autonomous transporters

Fiat Chrysler Automobiles (FCA) and Waymo are further expanding their successful partnership in the field of autonomous driving technology.

In the US, Waymo is now FCA's exclusive partner for the development and testing of Class 1-3 light commercial vehicles, i.e. vans of various sizes for commercial goods transport, through the Waymo Via service. The two companies initially aim to integrate Waymo Driver technology into the Ram ProMaster van platform, a model based on the European Fiat Ducato. Waymo Driver is tailored to the needs of commercial customers.


The expanded partnership enables FCA and Waymo to leverage their respective strengths and expertise to develop autonomous driving technology tailored to the specific needs of commercial customers. This technology is designed to meet the strong growth of the transportation industry. FCA has also chosen Waymo as its exclusive strategic partner for the development of Level 4 (L4) (1*) autonomous driving technology for the entire product range of all Group brands. Both companies are already conducting joint research into future FCA passenger car and van models equipped with Waymo Driver technology.

"Our four-year partnership with Waymo continues to expand. By integrating Waymo Driver technology, the world's leading autonomous driving platform, into our Chrysler Pacifica minivan model, we have become the only partnership to deploy fully autonomous driving in the real world, on public roads. With this next step, which deepens FCA's relationship with the best technology partner in this area, we are now also addressing the needs of our commercial customers. Together we will enable autonomous driving with light commercial vehicles in the future, starting with our Ram ProMaster van model," said Mike Manley, Chief Executive Officer FCA. "Our partnership with Waymo on L4 technology, which affects our entire product portfolio, sets the pace for safe and sustainable mobility solutions that will help shape developments in the entire automotive world in the years and decades to come."

"FCA was the first automaker we partnered with, and we've come a long way together," said John Krafcik, Chief Executive Officer Waymo. "The Chrysler Pacifica Hybrid minivan was the first model in our Waymo One fleet. Equipped with the Waymo Driver platform, they have now safely and reliably covered longer distances fully autonomously than any other vehicle in the world. Now we are further expanding our partnership with FCA by making Waymo Driver technology the exclusive L4 autonomy solution for FCA's global product range. Together, we will introduce the Waymo Driver platform across the entire FCA brand portfolio, opening up new opportunities for the use of vehicles in ride-hailing services (2*), logistics companies and for private use around the world."

FCA was the first automaker to partner with Waymo in 2016. Since then, the two companies have worked closely together to integrate the Waymo Driver platform into vehicles across FCA's brands. The Chrysler Pacifica Hybrid minivan, capable of Level 4 autonomous driving, made history. This partnership also led to the first commercial ride-hailing service with fully autonomous vehicles. The driverless minivans are now operating in dozens of cities in the United States, with varying geographies and sometimes difficult weather conditions.

*1) Fully automated driving, level 4: The vehicle takes over all functions and only hands them back to the driver if a situation is too much for the system to handle. The driver can read the newspaper, for example. The vehicle also manages journeys on defined routes completely independently without passengers.

*2) Commercial ride-sharing services that can be booked online, e.g. Uber.

About Fiat Chrysler Automobiles (FCA)
Fiat Chrysler Automobiles (FCA) is a global automobile manufacturer that designs, engineers, manufactures and sells vehicles under major brands, including Abarth, Alfa Romeo, Chrysler, Dodge, Fiat, Fiat Professional, Jeep®, Lancia, Ram and Maserati. FCA also sells spare parts and services under the Mopar® brand and is active in industrial automation and component manufacturing under the Comau and Teksid brands. FCA has around 200.000 employees worldwide. For more information, visit www.fcagroup.com.

About Waymo
Waymo is a self-driving technology company with a mission to make it safe and easy for people and things to get where they're going. Since our start as the Google Self-Driving Car Project in 2009, Waymo has been focused on building the World's Most Experienced Driver in hopes of improving the world's access to mobility while saving thousands of lives now lost to traffic crashes. Our Waymo Driver powers Waymo One, our autonomous ride-hailing service, as well as Waymo Via, our trucking and local delivery service. To date, Waymo has driven over 20 million miles autonomously on public roads across 25 US cities and conducted over 15 billion miles of simulation testing. For more: www.waymo.com

Disclaimer/Outlook
This press release contains forward-looking statements. In particular, statements on the future financial performance and the Group's expectations regarding the achievement of certain targets, such as Net liquidity/(net debt) and net operating liquidity/(net debt), revenues, free operating cash flow, vehicle deliveries, capital expenditures, research and development costs and other expenses in the future or relating to future periods are forward-looking statements. In some cases, these statements may be identified by words such as “may,” “will,” “it is intended,” “could,” “should,” “intends,” “estimates,” “foresees,” “believes,” “remains,” “according to,” “scheduled,” “objectives,” “goal,” “purpose,” “forecast,” “planning,” “expectation,” “perspective,” “plan” or similar words. The forward-looking statements do not constitute a guarantee or promise by the Group with respect to future results. Rather, these statements are based on the Group's current expectations and predictions regarding future events, which by their nature are subject to risks and uncertainties. They are statements that relate to events and depend on circumstances that may or may not happen or occur in the future and therefore should not be relied upon. The Group's future results may differ materially from those in the forward-looking statements due to a variety of factors, including, among others: the Group's ability to successfully introduce new products, achieve certain minimum vehicle sales levels; developments in global financial markets and general economic conditions; changes in demand in the automotive industry, which are subject to strong fluctuations; changes in local economic and political conditions, changes in trade policies and the introduction of tariffs at global and regional level or tariffs for the automotive industry, the introduction of tax reforms or other changes in tax laws and regulations; the Group's ability to increase the market penetration of some of the Group's brands in international markets; the Group's ability to offer innovative and attractive products; the Group's ability to develop, manufacture and sell technically innovative vehicles, such as hybrid vehicles; the Group's ability to develop, manufacture and sell technically innovative vehicles, such as hybrid cars; the Group's ability to develop, manufacture and sell technically innovative vehicles, such as hybrid vehicles; the Group's ability to develop, manufacture and sell technically innovative vehicles, such as hybrid cars; the Group's ability to develop, manufacture and sell technically innovative vehicles, such as hybrid vehicles; the Group's ability to develop, manufacture and sell technically innovative vehicles; the Group's ability to develop, manufacture and sell technically innovative vehicles, such as hybrid cars; the Group's ability to develop, manufacture and sell technically innovative vehicles ... B. with electric drive, connectivity or autonomous vehicles; various types of complaints, litigation and investigations by governments and other possible bases of liability to the detriment of the Group, such as B. Proceedings relating to product liability, product warranties and questions, investigations and other legal actions relating to environmental protection; significant operating expenses relating to environmental protection, occupational health and safety; strong competition in the automotive industry which could become more intense as a result of consolidation; the possible inability of the Group to finance retirement plans; the ability of the Group to provide access to appropriate sources of financing for the Group's authorized dealers and end customers and the risks associated with the establishment and management of financial service providers, such as credit institutions. B. the capital required to support financial service providers; the Group's ability to access sources of financing to implement the Group's operating plan and improve the Group's activities, financial situation, and operating results; significant malfunctions, interruptions, or security breaches of the Group's IT systems or the electronic control systems in the Group's vehicles; the Group's ability to realize benefits through joint ventures; the Group's ability to implement and complete strategic initiatives and operations, including the Group's plans to spin off certain business units; business interruptions due to political, social, or economic instability; risks related to employment, relationships with dealers and suppliers; cost increases, supply disruptions, or shortages of raw materials; developments in relations with trade unions, industry, and labor legislation; exchange rate fluctuations, interest rate changes, credit risks, and other market risks; political risks and social tensions; earthquakes or other natural disasters; and other risks and unforeseen factors.

The forward-looking statements contained in this document are deemed to speak only as of the date of this document, and the Company undertakes no obligation to publicly update or supplement these statements. For further information about the Group and its operations, including those factors that could materially affect the Group's future results, please refer to the Company's filings with the Securities and Exchange Commission, the AFM and the CONSOB.

Press contact:
Sascha Wolfinger
Phone: +49 69 66988-357
Email: sascha.wolfinger@fcagroup.com

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