Chrysler Corp. will recall 129,000 cars manufactured in Japan by Mitsubishi to ensure that the vehicles meet federal exhaust standards, the Environmental Protection Agency said yesterday.

In addition, foreign auto makers Porsche and Jaguar have recalled certain models, it was reported.

Chrysler said it recalled the 1981 and 1982 model-year Dodge Colt and Plymouth Champ. The 1981 cars have 1.4-liter or 1.6-liter four-cylinder engines. The affected 1982 cars have 1.4-liter engines.

Chrysler agreed to the recall after EPA tests showed the vehicles did not meet exhaust standards. Tests results showed the 1981 cars exceeded allowable limits on emissions of hydrocarbon, carbon monoxide and oxides of nitrogen, the EPA said. The 1982 cars exceeded the carbon monoxide exhaust standard, the agency said.

Chrysler will adjust all the cars' carburetors and perform other repairs, depending on the model, year and type of engine, the EPA said.

Owners will be notified of the problem in letters from Chrysler and instructed to take their cars to dealerships where the necessary adjustments will be made at no charge, the agency said.

Porsche Cars North America said it is recalling 162 Porsche 928S models manufactured in March and April to replace the engine carrier because of a faulty weld, the trade publication Automotive News said.

The carrier supports the front of the engine in the engine compartment. The defective weld could weaken the carrier and lead to impairment of the steering linkage if the carrier breaks.

Separately, Jaguar Cars is recalling for the second time V12-engine sedans and XJS coupes built since December 1979 to modify the fuel and ignition systems, Automotive News said.

The British car maker determined that repairs to the system made under the initial recall in December 1983 were not satisfactory, the publication said.