PRESS RELEASE
Detroit Diesel Announces Series 2000 Marine Engine
13 February 1997
Detroit Diesel and MTU Introduce Series 2000 Marine Engine
DETROIT, Feb. 13 -- Detroit Diesel Corporation
and MTU Motoren- und Turbinen-Union Friedrichshafen GmbH signed a cooperative
agreement in late 1994 to combine the vision and depth of American and German
engineering and manufacturing. Building on heritages of quality, these two
established engine manufacturers empowered a joint project development team
utilizing the resources of both companies. We are pleased to present the
result of this cooperation: the Series 2000(TM) marine engine.
Developed from the Mercedes-Benz 500 Series engine platform, the
Series 2000 engine incorporates Detroit Diesel's and MTU's extensive engine
technology and application expertise. Optimum integration of technology and
components enable the Series 2000 engine to make a distinctive contribution to
the high horsepower marine market. Detroit Diesel's President, Lud Koci, adds
"Bringing a new product to market is a major undertaking. Detroit Diesel and
MTU have successfully pooled resources to design and develop a new engine in a
short period of time and at relatively low cost."
Equally important is the decision by Detroit Diesel and MTU to create a
seamless sales network around the globe. The complementary regional strength
of both organizations will create a service support network which will be
second to none in the number of trained distributors and dealers. Customers
will be able to obtain complete service and support for the Series 2000 engine
through a worldwide network of distributors, who will also handle existing
Detroit Diesel Corporation and MTU product. Two new companies, DDC MTU
Americas Company, LLC and MTU DDC International GmbH, will provide worldwide
sales support.
Detroit Diesel Corporation designs, manufactures, markets, services and
provides aftermarket and remanufactured products for a full range of high
performance diesel and alternative fuel engines from ten to 10,000 horsepower
and offers financing through its Detroit Diesel Capital Corporation
subsidiary. Detroit Diesel serves the on-highway truck, coach and bus,
automotive, construction, mining and industrial, power generation, marine, and
military markets through a worldwide network of over 2,500 authorized
distributors and dealers. DDC had 1996 revenues of $1.96 billion.
MTU Motoren- und Turbinen-Union Friedrichshafen GmbH is a member of the
Daimler-Benz Group of companies with a long history in the design and
manufacture of heavy-duty diesel engines. MTU is one of the world's leading
suppliers of high-grade propulsion systems for land, marine and rail-bound
vehicles as well as for power generating applications using diesel engines in
the power range of 50 to 10,000 horsepower. MTU and its subsidiaries employ
approximately 5,600 people.
SOURCE Detroit Diesel Corporation
CONTACT: Sheree Kummer, Product Publicity of Detroit Diesel, 313-592-5170,
or fax, 313-592-8176