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 STUTTGART, Germany, Nov. 3 /PRNewswire/ -- Mercedes-Benz AG today announced they will collaborate with ILMOR Engineering Ltd. to develop high-performance automotive engines in co-operation with this company for Formula 1 and Indy Car racing beginning in 1994.
 ILMOR has its headquarters in Northampton, England, and a subsidiary in Detroit. ILMOR is a medium-sized company, developing and building race engines with great success. During the last few years several championship titles and a number of victories in the traditional "500 Miles of Indianapolis" have been won. In Formula 1 ILMOR has been competing for three years and is the engine supplier of the Sauber Team since 1993. In its debut year the team Sauber/Ilmor is currently sixth from 13 teams involved in the Formula 1 Constructors' Championship.
 Mercedes-Benz will be involved in Indy Car racing together with the successful Marlboro Team Penske by its ILMOR commitment beginning in 1995. By this a support for the marketing efforts of the company in the USA shall be achieved and the sporting image which is extremely important in the American market shall be further improved.
 By this step a comprehensive international motorsport concept for Mercedes-Benz under the symbol of the star will be developed: In touring car racing the latest product of the company, the C-Class, will race with the mark of quality "made by Mercedes-Benz" in the Class 1-DTM. In Formula 1, the marquee will enter competition together with Sauber under "concept by Mercedes-Benz." In Indy Car racing in America a powerful market offensive and a new manufacturing plant will be supported under the signet "powered by Mercedes-Benz."
 The sport involvement in all three categories is a clear commitment to competition and will effectively support the market offensive in the media worldwide.
 Penske Corporation is a privately held transportation services company comprised of three business groups: Transportation Services, Retail Automotive and Automotive Performance.
 The Transportation Services Group includes Detroit Diesel Corporation (NYSE: DDC), a company whose shares are publicly traded on the New York Stock Exchange, which designs, manufactures and markets diesel engines worldwide. DDC operates a Parts Distribution Center in Canton, Ohio, to supply Detroit Diesel products to approximately 140 distributors around the world. Diesel Technology Company, a partnership with Robert Bosch Corporation in Grand Rapids, Mich., develops and produces diesel injector equipment for heavy duty commercial vehicles and other international commercial applications.
 Penske Truck Leasing Company is a joint venture of Penske Transportation, Inc. and GE Capital based in Reading, Pa. It rents and leases a fleet of over 60,000 vehicles from more than 400 service locations nationwide, supplying full-service truck leasing, local and one-way truck rentals and dedicated distribution services.
 The Retail Automotive Group sells approximately 40,000 vehicles and provides state-of-the-art service and financial products from six locations in the southern California market. The Group retails Cadillac, Chevrolet, Saturn, Toyota, Lexus and Honda cars and trucks. Penske Cadillac in Downey, Calif., is one of the largest Cadillac franchises in the United States. Longo Toyota in El Monte, Calif., is America's largest Toyota dealership; and Penske's Honda dealerships in Downey, Westminster, and Ontario, Calif., are among the country's largest in volume.
 The Automotive Performance Group includes professional motorsports facilities in Michigan and Pennsylvania. Penske is also a joint venture partner with General Motors in Ilmor Engineering which designs and manufactures turbocharged Indy V8 racing engines as well as the Formula One engine for the Sauber Team.
 Penske Racing, the most successful Indy Car racing team in history, holds numerous all-time records including 79 Indy Car race wins, highlighted by nine Indianapolis 500 victories (1993, '91, '88, '87, '85, '84, '81, '79, '72), eight Indy Car National Championships (1988, '85, '83, '82, '81, '79, '78, '77), and a total of 104 pole positions. Penske-designed cars powered by turbocharged Ilmor Indy V8 engines will be driven in CART's 1994 PPG Indy Car World Series by Emerson Fittipaldi, Paul Tracy and Al Unser Jr. under the Marlboro Team Penske banner.
 In 1993, Penske Racing is also fielding the Miller Genuine Draft Pontiac Grand Prix which Rusty Wallace has driven to nine wins in the 1993 NASCAR Winston Cup Series of stock car races.
 Penske Corporation has annualized revenues of $3.3 billion with operations carried out by more than 11,000 employees at 500 facilities worldwide.
 -0- 11/3/93
 /CONTACT: Dan R. Luginbuhl, vice president-Communications of Penske, 313-592-7379/

CO: Mercedes-Benz AG; ILMOR Engineering Ltd.; Penske Corporation ST: Michigan IN: AUT SU: JVN

SB-TO -- DE018 -- 0165 11/03/93 12:51 EST
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Publication:PR Newswire
Date:Nov 3, 1993

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