This was the sixth and final production year for the Chrysler 300M. Daimler Chrysler was already in the process of developing a new look for the long-running 300 name, and a totally unique successor was about to emerge. Chrysler would retire the LH cab-forward design, and embrace a new platform borrowed from Mercedes Benz.
A potent 3.5 liter V-6 supplied the 300M's power, with 250 horsepower and 250 pound-feet of torque. This engine was built specifically for this platform, but it would be passed along to the next generation of 300s. The V-6 was paired with a four-speed automatic transmission, which featured Chrysler's AutoStick manual shifter. The 300M's fuel economy was rated at 19/27 mpg. Not bad considering its powerful engine and 3567 pound curb weight. There were no major changes for this final year of production, but a navigation system with voice prompts was now available as an option. The 300M was designed with this purpose: offer drivers a blend of luxury and performance. The sedan had a well-appointed spacious interior, and the initial offering of the car was given a sports tuning. Later, when Chrysler split the 300M into two models, this version focused on luxury.