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                                                                      EXHIBIT 11
 
               CHRYSLER CORPORATION AND CONSOLIDATED SUBSIDIARIES
 
                         EARNINGS PER COMMON SHARE DATA
                         APB OPINION NO. 15 CALCULATION


                                                                  PERIOD ENDED JUNE 30,
                                                        ------------------------------------------
                                                        THREE MONTHS ENDED       SIX MONTHS ENDED
                                                        ------------------      ------------------
                                                         1995        1994        1995        1994
                                                        ------      ------      ------      ------
                                                           (IN MILLIONS OF DOLLARS AND SHARES)
                                                                                
PRIMARY:
  Net earnings.......................................   $  135      $  956      $  727      $1,894
  Preferred stock dividend...........................       (3)        (20)        (17)        (40)
                                                        ------      ------      ------      ------
  Earnings attributable to common stock..............   $  132      $  936      $  710      $1,854
                                                        ======      ======      ======      ======
  Weighted average shares outstanding................    375.1       354.1       367.0       354.0
  Shares issued on exercise of dilutive options......      6.2        10.5         6.5        10.6
  Shares purchased with proceeds of options..........     (3.1)       (6.0)       (3.2)       (5.5)
  Shares contingently issuable.......................      0.5         0.5         0.4         0.5
                                                        ------      ------      ------      ------
  Shares applicable to primary earnings..............    378.7       359.1       370.7       359.6
                                                        ======      ======      ======      ======
FULLY DILUTED:
  Net earnings.......................................   $  135      $  956      $  727      $1,894
  Preferred stock dividend...........................       (3)         --          --          --
                                                        ------      ------      ------      ------
  Earnings attributable to common stock..............   $  132      $  956      $  727      $1,894
                                                        ======      ======      ======      ======
  Weighted average shares outstanding................    375.1       354.1       367.0       354.0
  Shares issued on exercise of dilutive options......     12.1        10.5         9.4        10.6
  Shares purchased with proceeds of options..........     (8.6)       (6.0)       (6.0)       (5.5)
  Shares applicable to convertible preferred stock...     10.7        47.9        29.7        47.9
  Shares contingently issuable.......................      0.9         1.0         0.7         0.9
                                                        ------      ------      ------      ------
  Shares applicable to fully diluted earnings........    390.2       407.5       400.8       407.9
                                                        ======      ======      ======      ======
 

                                                                       (IN DOLLARS)
                                                                                
PER COMMON SHARE DATA:
  Primary:
     Net earnings per common share...................   $ 0.35      $ 2.61      $ 1.92      $ 5.16
                                                        ======      ======      ======      ======
  Fully Diluted:
     Net earnings per common share...................   $ 0.34      $ 2.35      $ 1.81      $ 4.64
                                                        ======      ======      ======      ======

 
NOTE: Primary earnings per common share amounts were computed by dividing
      earnings after deduction of preferred stock dividends by the average
      number of common and dilutive equivalent shares outstanding. Computations
      of primary earnings per common share exclude the effect of common stock
      equivalents and shares contingently issuable for any period in which their
      inclusion would have the effect of increasing the earnings per common
      share amount or decreasing the loss per common share amount otherwise
      computed.
 
      Fully diluted per common share amounts assume conversion of the
      convertible preferred stock, the elimination of the related preferred
      stock dividend requirement, and the issuance of common stock for all other
      potentially dilutive equivalents outstanding unless such conversion has
      the effect of increasing the earnings per common share amount or
      decreasing the loss per common share amount otherwise computed.