Chrysler LLC Conference Call to Announce December 2008 U.S. Sales

    AUBURN HILLS, Mich., Jan. 2 /PRNewswire/ --

    What:    Telephone conference call to discuss Chrysler LLC's December 2008
             U.S. sales

    When:    Monday, Jan. 5, 2009 - 3:30 p.m. to 4 p.m. EST

    Details: Domestic telephone number: 1 800-857-0714;
             International telephone number: + 1-210-839-8803
             Call Leader: Yvonne Malmgren
             Passcode: Sales

    Other:   Following the conference call, starting at 5 p.m. EST, there will
             be a telephone replay available until January 16, 2009, at
             11:59 p.m. EST.
             Domestic telephone playback number: 1 800-879-5507
             International telephone playback number: +1-203-369-3989

Fleetwood Enterprises to Trade Over the Counter Under Symbol FLTW

RIVERSIDE, Calif., Jan. 2 /PRNewswire-FirstCall/ — Fleetwood Enterprises,
Inc. (OTC Bulletin Board: FLTW) announced today that its common stock will be
quoted on over-the-counter markets beginning Monday, January 5, 2009. The
Company expects its stock to continue to be actively quoted in the Pink Sheets
and is taking appropriate steps to also be quoted on the OTC Bulletin Board.
The Company’s OTC ticker symbol will be FLTW. The Pink Sheets is a well-known,
centralized quotation service that collects and publishes quotes for OTC
securities.

About Fleetwood

Fleetwood Enterprises, Inc., through its subsidiaries, is a leading
producer of recreational vehicles and manufactured homes. This Fortune 1000
company, headquartered in Riverside, Calif., is dedicated to providing
quality, innovative products that offer exceptional value to its customers.
Fleetwood operates facilities strategically located throughout the nation,
including recreational vehicle, factory-built housing and supply subsidiary
plants. For more information, visit the Company’s website at
http://www.fleetwood.com.

This press release contains certain forward-looking statements and
information based on the beliefs of Fleetwood’s management as well as
assumptions made by, and information currently available to, Fleetwood’s
management. Such statements reflect the current views of Fleetwood with
respect to future events and are subject to certain risks, uncertainties, and
assumptions, including risk factors identified in Fleetwood’s most recent 10-Q
and other SEC filings.

Lyle Larkin, Vice President — Treasurer (951) 351-3535

Kathy A. Munson, Director — Investor Relations (951)351-3650

Subaru of America Anticipates Year-Over-Year Increase

CHERRY HILL, N.J., Jan. 2 /PRNewswire/ — Subaru of America, Inc. today announced that it is anticipating a year-over-year sales increase for 2008 U.S. sales.

(Logo: http://www.newscom.com/cgi-bin/prnh/20080325/SUBARULOGO )

Through November 2008, Subaru was the only volume automotive brand with positive Y-T-D sales.

Actual results are subject to final accounting and will be announced on Monday, January 5, 2009.

About Subaru of America, Inc.

Subaru of America, Inc. is a wholly owned subsidiary of Fuji Heavy Industries Ltd. of Japan. Headquartered in Cherry Hill, N.J., the company markets and distributes Subaru Symmetrical All-Wheel Drive vehicles, parts and accessories through a network of nearly 600 dealers across the United States. Subaru makes the best-selling All-Wheel Drive car sold in America based on R.L. Polk & Co. new vehicle retail registration statistics calendar year-end 2007. In addition, Subaru boasts the most fuel efficient line-up of all-wheel drive products sold in the market today based on Environmental Protection Agency (EPA) fuel economy standards. All Subaru products are manufactured in zero- landfill production plants and Subaru of Indiana Automotive Inc. is the only U.S. automobile production plant to be designated a backyard wildlife Habitat by the National Wildlife Federation. For additional information visit www.subaru.com.

    Contact: Michael McHale
             Subaru of America, Inc.
             856-488-3326
             mmchale@subaru.com

Advanced Li-ion Battery Maker Applies for $480 Million in Federal Loan Funds to Accelerate Output for Next-Generation Auto Industry

NEW YORK, Jan. 2 /PRNewswire-FirstCall/ — Advanced lithium-ion battery
manufacturer Ener1, Inc. (Nasdaq: HEV) has applied for $480 million in
low-interest loans under a new federal program to spur development of the next
generation of U.S. fuel-efficient vehicles.

(Logo: http://www.newscom.com/cgi-bin/prnh/20080312/CLW018LOGO)

“We are very pleased to be able to participate in an initiative that will
help strengthen U.S. energy security, radically reduce greenhouse gases, and
sharpen the competitive edge of American producers of fuel-efficient
vehicles,” said Ener1 Chairman and CEO Charles Gassenheimer. “A special
federal lending program to incentivize next-generation auto and components
manufacturers is exactly what is needed at this juncture to help regain market
share for the U.S. in this crucial industry.”

EnerDel, Ener1’s lithium-ion battery subsidiary, applied for the funds
under the Advanced Technology Vehicle Manufacturing Incentive Program
(ATVMIP), which is administered by the U.S. Department of Energy (DOE). The
$25 billion program is designed to enable U.S. auto companies and their
suppliers to build or retool manufacturing facilities in order to improve the
overall corporate average fuel economy (CAFE) of the American automotive
industry.

“Advanced lithium-ion battery technology is a basic need for every
automaker in the world today, and that need will grow steadily,” said
Gassenheimer. “Building a strong U.S. supply chain in this rapidly emerging
industry is a top priority to maintain competitiveness vis-a-vis foreign
manufacturers that have already invested very heavily in this linchpin
technology.”

EnerDel is the first and currently the only advanced lithium-ion
automotive battery manufacturer in the U.S. EnerDel’s manufacturing
facilities are based in Indianapolis and Noblesville, Indiana. If granted,
the funds will enable EnerDel to double manufacturing capacity to produce
600,000 hybrid electric vehicle packs per year at its existing plant by 2011,
and to build a second larger plant capable of producing battery packs for up
to 1.2 million hybrid electric vehicles by 2015. It is anticipated that the
projects would create more than 1,300 new jobs.

Using DOE data, Ener1 estimates batteries produced at these facilities
each year could save the U.S. economy as much as $600 million at the gasoline
pump and eliminate up to one billion tons of carbon emissions annually.

The loans would be secured by project assets, and DOE is required by law
to monitor progress closely to ensure the funds are used efficiently and
effectively. If approved, the loan’s interest rate, estimated to be less than
4 percent per annum, would be equal to the cost of funds to the U.S. Treasury
Department for comparable obligations over a period of 25 years or the
projected life of the project, whichever is shorter. DOE would have first
lien on all assets acquired with the funds.

“A critical new industry is taking shape before our eyes,” said
Gassenheimer. “Europe and Asia have committed vast resources to build
production capacity, while the U.S. is starting to fall behind. We have the
technology, but we lack domestic production capacity. Failure to develop the
lithium-ion automotive battery industry would be tantamount to exchanging
dependence on foreign oil for dependence on foreign-made batteries.”

EnerDel has developed a process for producing high-performance lithium-ion
batteries using proprietary chemistry and a flat-cell design that maximizes
power, reliability and longevity. EnerDel also specializes in software and
systems integration to customize complete battery systems for installation
into commercial vehicles.

Ener1 has successfully raised $200 million to date in the equity capital
markets, but acknowledges federal assistance is necessary for Ener1 to
accelerate its production capacity to be able to meet the U.S. auto industry’s
current forecasts for hybrid and electric vehicles, and remain competitive in
a rapidly evolving global marketplace.

“Our business model suggests that for every $1 of capital investment, we
can realize $4 to $6 of annual revenue, depending on product mix,”
Gassenheimer said. “With this revenue stream, we will be able to repay the
loan on a timely basis and will help maintain the competitiveness of the
automobile manufacturing industry in the U.S.”

The ATVMIP was established under Section 136 of the Energy Independence
and Security Act of 2007. Congress appropriated funds for the program in the
fall under the Continuing Resolution; those funds are separate and distinct
from the bailout loan funds approved by the White House for the Detroit ‘Big
Three’ automakers in December. ATVMIP loan applications for the first of
three stages of the program were due December 31. Applications under the next
stages are due at the end of the first two quarters of the current year.

Safe Harbor Statement:

Certain statements made in this press release constitute forward-looking
statements that are based on management’s expectations, estimates, projections
and assumptions. Words such as “expects,” “anticipates,” “plans,” “believes,”
“scheduled,” “estimates” and variations of these words and similar expressions
are intended to identify forward-looking statements. Forward-looking
statements are made pursuant to the safe harbor provisions of the Private
Securities Litigation Reform Act of 1995, as amended. These statements are not
guarantees of future performance and involve certain risks and uncertainties,
which are difficult to predict. Therefore, actual future results and trends
may differ materially from what is forecast in forward-looking statements due
to a variety of factors. All forward-looking statements speak only as of the
date of this press release and the company does not undertake any obligation
to update or publicly release any revisions to forward-looking statements to
reflect events, circumstances or changes in expectations after the date of
this press release.

About Ener1, Inc.:

Ener1 develops and manufactures compact, high performance lithium-ion
batteries to power the next generation of hybrid and electric vehicles. The
publicly traded company (NASDAQ: HEV – News) is led by an experienced team of
engineers and energy system experts at its EnerDel subsidiary located in
Indiana. EnerDel has developed proprietary battery systems based on technology
originally pioneered with the assistance of the Argonne National Lab.

Ener1 is seeking to become the first company to mass-produce a
cost-competitive lithium-ion battery for hybrid and electric vehicles. Demand
for battery solutions is being driven by a need to reduce dependence on oil as
well as growing concern about vehicle emissions. In addition to the automobile
market, applications for Ener1 lithium-ion battery technology include medical,
military, aerospace, electric utility and other growing markets.

Major shareholders of Ener1 include Ener1 Group, Inc., a privately held,
global investment and advisory firm, and ITOCHU Corporation, a Japanese
trading company and distributor of manufacturing equipment essential to
lithium-ion battery production. ITOCHU has annual revenue of approximately $90
billion and offices in more than 80 countries. Ener1 has also received funding
from a growing number of institutional investors.

In addition to battery technology, Ener1 develops commercial fuel cell
products through its EnerFuel subsidiary and nanotechnology-based materials
and manufacturing processes for batteries and other applications through its
NanoEner subsidiary.

     Contacts:  INVESTOR RELATIONS             MEDIA RELATIONS
                Rachel Carroll                 Jon Coifman
                VP Corporate Communications    Waggener Edstrom Worldwide
                P: 212 920 3500                P: 212 551 4815
                E: rcarroll@ener1.com          E: jcoifman@waggeneredstrom.com

BorgWarner Does Not Endorse Unsolicited Mini-Tender Offer

AUBURN HILLS, Mich., Jan. 2 /PRNewswire-FirstCall/ — BorgWarner Inc. (NYSE: BWA) announced today that it has been notified of an unsolicited mini-tender offer by TRC Capital Corporation (“TRC”) of Toronto, Canada, to purchase up to 2.5 million shares of BorgWarner’s common stock, which represents approximately 2.16 percent of BorgWarner’s outstanding shares. TRC’s offer price of $20.00 per share represents a 4.21 percent discount to the closing price of BorgWarner’s stock on December 18, 2008($20.88), the day prior to the date of the offer.

BorgWarner does not endorse this unsolicited mini-tender offer and recommends that stockholders not tender their shares in response to it. Stockholders are advised that TRC’s offer is subject to numerous conditions and contingencies including the availability of financing for the purchase on terms satisfactory to TRC. Therefore shareholders should use caution when making their decision. TRC may amend or terminate its offer at any time, in any way. BorgWarner urges investors to obtain current market quotations for their BorgWarner common stock, to consult with their broker or financial advisor and to exercise caution with respect to TRC’s offer.

TRC’s offer is what is commonly referred to as a “mini-tender offer.” The Securities and Exchange Commission (“SEC”) has issued “Investor Tips” regarding mini-tender offers, noting that, “[s]ome bidders make mini-tender offers at below-market prices, hoping that they will catch investors off guard if the investors do not compare the offer price to the current market price” and that “mini-tender offers typically do not provide the same disclosure and procedural protections that larger, traditional tender offers provide.” The SEC’s Investor Tips regarding mini-tender offers may be found on the SEC’s website at http://www.sec.gov/investor/pubs/minitend.htm. The Ontario Securities Commission has also issued an advisory entitled “Approach mini-tender offers with caution!” which may be found at http://www.osc.gov.on.ca/Investor/Alert/ia_20040518_mini-tenders.jsp.

BorgWarner stockholders who have already tendered their shares may withdraw them by providing the written notice described in the TRC offering documents prior to the expiration of the offer, which is currently scheduled for 12:01 a.m., New York City time on Wednesday, January 21, 2009.

BorgWarner encourages broker/dealers and other market participants to review the SEC’s recommendations on the dissemination of mini-tender offers, which can be found at http://www.sec.gov/divisions/marketreg/minitenders/sia072401.htm, as well as Information Memo Number 01-27 issued by the New York Stock Exchange on September 28, 2001, regarding the dissemination of mini-tender offer materials, which can be found under the “Market Professionals – Information Memos” tab on the New York Stock Exchange’s website at http://www.nyse.com.

Auburn Hills, Michigan-based BorgWarner Inc. (NYSE: BWA) is a product leader in highly engineered components and systems for vehicle powertrain applications worldwide. The FORTUNE 500 company operates manufacturing and technical facilities in 64 locations in 17 countries. Customers include VW/Audi, Ford, Toyota, Renault/Nissan, General Motors, Hyundai/Kia, Daimler Chrysler, Fiat, BMW, Honda, John Deere, PSA and MAN. The internet address for BorgWarner is http://www.borgwarner.com.

Statements contained in this news release may contain forward-looking statements as contemplated by the 1995 Private Securities Litigation Reform Act that are based on management’s current expectations, estimates and projections. Words such as “outlook”, “expects,” “anticipates,” “intends,” “plans,” “believes,” “estimates,” variations of such words and similar expressions are intended to identify such forward-looking statements. Forward-looking statements are subject to risks and uncertainties, many of which are difficult to predict and generally beyond our control, that could cause actual results to differ materially from those expressed, projected or implied in or by the forward-looking statements. Such risks and uncertainties include: fluctuations in domestic or foreign vehicle production, the continued use of outside suppliers, fluctuations in demand for vehicles containing our products, changes in general economic conditions, and other risks detailed in our filings with the Securities and Exchange Commission, including the Risk Factors, identified in our most recently filed Annual Report on Form 10-K. We do not undertake any obligation to update any forward-looking statements.

Esurance Hopes to Generate Buzz in the Beehive State

SAN FRANCISCO, Jan. 2 /PRNewswire/ — Esurance, the direct-to-consumer
personal auto insurance company, announced the recent launch of its Utah auto
insurance program. With the addition of Utah, Esurance now offers its
affordable auto insurance to drivers in 29 states, comprising 85% of the U.S.
driving population.

Gary Tolman, Esurance President & CEO, stated, “We are delighted to offer
Esurance’s convenient and affordable auto insurance to Utah consumers.
Esurance’s instant and innovative online quoting and purchasing process allows
consumers to compare rates with other auto insurers and get the coverage that
best suits their needs. Utah drivers will discover that shopping for auto
insurance online with Esurance really is as easy as ‘Quote. Buy. Print.’”

With another auto insurance company to choose from, Tolman reminded Utah
drivers to use the opportunity to shop around for auto insurance. “Consumers
should make a habit of shopping for auto insurance at least once a year, but
when a new option in the auto insurance market becomes available, the
circumstances are even more advantageous for Utah auto insurance shoppers.
With enhanced competition for Utah auto insurance, consumers will benefit
through lower auto insurance rates.”

Once at Esurance’s award-winning Web site, http://www.esurance.com, Utah
drivers will find that they may be eligible for a variety of discounts.
Discounts are available to customers paying in full or insuring more than one
car, along with other discounts benefiting students and mature drivers.
Additionally, customers who purchase their Utah auto insurance policies online
will receive an additional 5% off their first policy term.

Tolman stated, “Esurance offers very competitive prices, and with a 5%
discount for buying a policy online, our auto insurance rates are even more
affordable. Hundreds of thousands of Esurance customers across the U.S. enjoy
24/7 service and claims handling. Now, Utah drivers can join the thousands of
drivers who switch to Esurance every week.”

Utah drivers interested in getting auto insurance quotes from Esurance
should visit the company’s Web site, http://www.esurance.com, or call the auto
insurance company’s 24/7 service center at 1-800-ESURANCE.

About Esurance(R)

Esurance, a subsidiary of White Mountains Insurance Group, Ltd.
(NYSE: WTM), provides personal auto insurance direct to consumers online and
through select online agents. Esurance is dedicated to constantly improving
the way people shop for, buy, and manage their auto insurance. By combining
the best of technology with industry know-how, Esurance is able to offer
hassle-free auto insurance coverage with 24/7 customer service and claims
handling at competitive rates.

Through Esurance’s Web site, http://www.esurance.com, customers can get
instant auto insurance quotes, view comparison quotes, buy an Esurance policy,
and print their proof of insurance card — all in minutes. Esurance also
offers policyholders the ability to make policy changes and file claims
instantly online, demonstrating its commitment to improving the entire
insurance process from quote to claim.

Safe Harbor Statement under the Private Securities Litigation Reform Act
of 1995

The press release may contain “forward-looking statements” within the
meaning of Section 27A of the Securities Act of 1933 and Section 21E of the
Securities Exchange Act of 1934. All statements, other than statements of
historical facts, included or referenced in this release which address
activities, events or developments which we expect or anticipate will or may
occur in the future are forward-looking statements. The words “will,”
“believe,” “intend,” “expect,” “anticipate,” “project,” “estimate,” “predict”
and similar expressions are also intended to identify forward-looking
statements. These forward-looking statements include, among others,
statements with respect to White Mountains’:

    *changes in adjusted book value per share or return on equity;
    *business strategy;
    *financial and operating targets or plans;
    *incurred losses and the adequacy of its loss and loss adjustment expense
     reserves and related reinsurance;
    *projections of revenues, income (or loss), earnings (or loss) per share,
     dividends, market share or other financial forecasts;
    *expansion and growth of our business and operations; and
    *future capital expenditures.

These statements are based on certain assumptions and analyses made by
White Mountains in light of its experience and perception of historical
trends, current conditions and expected future developments, as well as other
factors believed to be appropriate in the circumstances. However, whether
actual results and developments will conform to our expectations and
predictions is subject to a number of risks and uncertainties that could cause
actual results to differ materially from expectations, including:

    *the risks associated with Item 1A of White Mountains' 2007 Annual Report
     on Form 10-K;
    *claims arising from catastrophic events, such as hurricanes, earthquakes,
     floods or terrorist attacks;
    *the continued availability of capital and financing;
    *general economic, market or business conditions;
    *business opportunities (or lack thereof) that may be presented to it and
     pursued;
    *competitive forces, including the conduct of other property and casualty
     insurers and reinsurers;
    *changes in domestic or foreign laws or regulations, or their
     interpretation, applicable to White Mountains, its competitors or its
     clients;
    *an economic downturn or other economic conditions adversely affecting its
     financial position;
    *recorded loss reserves subsequently proving to have been
     inadequate;
    *other factors, most of which are beyond White Mountains' control.

Consequently, all of the forward-looking statements made in this press
release are qualified by these cautionary statements, and there can be no
assurance that the actual results or developments anticipated by White
Mountains will be realized or, even if substantially realized, that they will
have the expected consequences to, or effects on, White Mountains or its
business or operations. White Mountains assumes no obligation to update
publicly any such forward-looking statements, whether as a result of new
information, future events or otherwise.