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DETROIT DIESEL CORPORATION AND MERCEDES-BENZ ANNOUNCE ENGINE AGREEMENT

 DETROIT, April 26 /PRNewswire/ -- Mercedes-Benz AG of Stuttgart, Germany, and Detroit Diesel Corporation of Detroit jointly announced today that they have reached agreement on contracts concerning development, production and distribution of a commercial vehicle engine for use in heavy-duty trucks throughout the U.S., Canada and Mexico. The agreement enables Detroit Diesel to complement its product line with a lighter engine, and gives Mercedes-Benz entry into the North American market with its 12.0 liter engines.
 This new engine, the OM 457 LA -- will be designed to incorporate a unit pump injection system with electronic controls similar to the Detroit Diesel Electronic Controls (DDEC) used on Detroit Diesel engines. The engine will meet the more stringent U.S. emission regulations of 1994 and 1998 with maximum fuel efficiency.
 "This agreement marks the first cooperation of a European truck manufacturer and a North American engine producer combining product technologies and manufacturing capabilities to meet the needs of the NAFTA markets," said Helmut Werner, chairman of the Mercedes-Benz AG Board of Management.
 Bernd Gottschalk, board member for worldwide commercial vehicle activities of MBAG, added, "These agreements demonstrate the international multi-domestic strategy of the Mercedes-Benz commercial vehicle group whereby major market requirements are met with local production at competitive costs and with products designed to local customers' needs."
 "The combined technology of Mercedes-Benz and Detroit Diesel will produce a 12.0 liter displacement engine in the 320-365 horsepower range for U.S. and Canada and up to 410 horsepower for use in Mexico," said Detroit Diesel Corporation Chairman Roger S. Penske. "After an initial introductory period, we expect this engine to become a key part of our product offering to all of our traditional customers who can benefit from lightweight, compact, and fuel-efficient engines built in the United States and supported by an established North American service support system."
 Detroit Diesel Corporation is a joint venture company, owned 80 percent by Penske Transportation Holdings Corp. and 20 percent by General Motors Corporation (NYSE: GM). Detroit Diesel Corporation designs, manufactures and sells heavy-duty diesel engines ranging from 5 to 2,500 hp for the on-highway, industrial, construction, power generation, military and marine markets.
 -0- 4/26/93
 /CONTACT: Nancy Martin of Detroit Diesel Corporation, 313-592-7640/
 (GM)


CO: Detroit Diesel Corporation; Mercedes-Benz AG ST: Michigan IN: AUT SU: CON

SM-ML -- DE001 -- 0450 04/26/93 08:06 EDT
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Date:Apr 26, 1993
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