9 September 1997

During the Frankfurt Auto Show, Detroit Diesel Corporation (DDC) introduced a new line of engines with features designed to meet the performance, packaging, and emissions requirements for the cars of tomorrow. DDC's current automotive line, known as the TD (Turbocharged Diesel) includes 4, 5 and 6-cylinder models of 625 cc/cylinder. The expanded TD line adds 3, 4 and 5-cylinder models of 485 cc/cylinder. All TD models are turbocharged and offer premium features such as hydraulic tappets for noise control, iron cylinder liners for durability in a lightweight package and electronically controlled fuel systems.

Detroit Diesel Corporation is engaged in the design, manufacture, sale and service of heavy-duty diesel and alternative fuel engines, automotive diesel engines, and engine-related products; and provides financing through Detroit Diesel Capital Corporation. The Company offers a complete line of diesel engines from ten to 10,000 horsepower for the on-highway truck; construction, mining and industrial; automotive; coach and bus; marine; power generation; and military markets. Detroit Diesel services these markets directly and through a worldwide network of more than 2,500 authorized distributors and dealers. DDC is a QS-9000 certified company.

Detroit Diesel currently supplies engines to Ford, Chrysler, Jeep, Fiat, Rover, Asia Motors, General Motors (Opel) and a number of others.

Detroit Diesel's major shareholder is Penske Corporation, a closely-held, diversified transportation services company whose operations include Penske Truck Leasing Company, Diesel Technology Company, AG Kuhnle, Kopp and Kausch, Penske Automotive Group, Inc., Penske Auto Centers, Inc., Penske Motorsports, Inc., and Penske Capital Partners. The Penske group of businesses has annual revenues exceeding $6 billion and employs more than 28,000 people around the world.

Source: Detroit Diesel Corporation