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October 5, 2004

Chrysler Selected Alcoa Aluminum Closure Panels for Four New Programs, Including 2005 Chrysler 300C

FARMINGTON HILLS, Mich.--(BUSINESS WIRE)--Oct. 5, 2004--Alcoa (NYSE:AA) announced today that four of Chrysler Group's hottest new models feature aluminum closure panels. The 2005 Chrysler 300C features an Alcoa aluminum hood and deck lid while the Dodge Magnum, the re-designed Grand Cherokee and the Chrysler Pacifica all feature hoods made from Alcoa sheet.

"Alcoa is delighted to be a part of four programs that are real winners in the market place. Fresh, bold styling and exceptional dynamic performance characterize each of these new vehicles and we are proud that our products enhance these crucial elements of a great driving experience," noted Bob Larson, vice-president of sales and marketing for Alcoa Mill Products.

"It is equally pleasing to note that Alcoa also has some beautiful cast wheels on both the Magnum and 300 Touring Edition and is working through Visteon to supply a newly-engineered drive shaft for the Grand Cherokee that will enhance its noise-vibration-harshness and maintenance performance," Larson continued. "These new Chrysler Group applications well illustrate the breadth of Alcoa's automotive products and the depth of our technical resources."

Alcoa's patented 6022 sheet alloy is featured on the 300C and Magnum closure panels. This alloy provides improved strength, formability and corrosion resistance. Alcoa provided 14,000,000 pounds of aluminum sheet from its Davenport, Iowa and Danville, IL, plants to the automaker for these three platforms.

About Alcoa Automotive

Alcoa automotive products are designed to enhance driving experience by improving a vehicle's performance, comfort and convenience, safety and styling. Alcoa's automotive products also have helped customers create revolutionary advances that have successfully repositioned entire brands. Easier opening and closing, electronic distribution systems, improved functionality, better visibility, reduced squeaks and rattles and more interior room are benefits car makers gain from Alcoa's innovative automotive products. In addition, many of the safest autos in the world feature Alcoa products in their crash management systems and crumple zones, side-impact beams and engine cradles. Alcoa automotive products also offer customers the opportunity to differentiate their products with fresh design and eye-catching appeal.

About Alcoa

Alcoa is the world's leading producer of primary aluminum, fabricated aluminum and alumina facilities, and is active in all major aspects of the industry. Alcoa serves the aerospace, automotive, packaging, building and construction, commercial transportation and industrial markets, bringing design, engineering, production and other capabilities of Alcoa's businesses to customers. Alcoa also markets consumer brands including Reynolds Wrap(R) foils and plastic wraps, Alcoa(R) wheels, and Baco(R) household wraps. Among its other businesses are vinyl siding, closures, fastening systems, precision castings, and electrical distribution systems for cars and trucks. The company has 120,000 employees in 42 countries and has been a member of the Dow Jones Industrial Average for 45 years and the Dow Jones Sustainability Indexes since 2001. More information can be found at www.alcoa.com