Exhibit 12-B Chrysler Corporation and Consolidated Subsidiaries Computations of Ratios of Earnings to Fixed Charges and Preferred Stock Dividend Requirements (dollars in millions) Nine Months Ended September 30, -------------------------------------- 1998 1997 ------------ ------------ Net earnings before extraordinary item $ 2,737 $ 1,953 Add back: Taxes on income 1,616 1,288 Fixed charges 1,187 1,018 Amortization of previously capitalized interest 83 86 Deduct: Capitalized interest 131 147 Undistributed earnings from less than fifty percent owned affiliates -- 1 ------------ ------------ Earnings available for fixed charges $ 5,492 $ 4,197 ============ ============ Fixed charges: Interest expense $ 942 $ 739 Capitalized interest 131 147 Credit line commitment fees 4 6 Interest portion of rent expense 110 126 ------------ ------------ Total fixed charges $ 1,187 $ 1,018 ============ ============ Ratio of earnings to fixed charges 4.63 4.12 ============ ============ Preferred stock dividend requirements $ -- $ 1 ============ ============ Ratio of earnings to fixed charges and preferred stock dividend requirements 4.63 4.12 ============ ============ The ratio of earnings to fixed charges is computed by dividing earnings available for fixed charges by total fixed charges. The ratio of earnings to fixed charges and preferred stock dividend requirements is computed by dividing earnings for fixed charges by the sum of total fixed charges and preferred stock dividend requirements.