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Detroit Diesel Corporation Names Chief Financial Officer

9 March 1998

Detroit Diesel Corporation Names Chief Financial Officer

    DETROIT, March 9 -- The appointment of Robert E. Belts as
Senior Vice President of Finance and Chief Financial Officer of Detroit Diesel
Corporation was announced today by Timothy D. Leuliette, Vice
Chairman.  Mr. Belts succeeds J. Randall Lawrence, who has been named
Executive Vice President and Chief Financial Officer of Penske Auto Centers,
Inc.  The appointment is effective March 9, 1998.
    Mr. Belts, age 48, has been Controller for Detroit Diesel Corporation for
ten years and a Vice President since 1995.  He has held various financial
positions of increasing responsibility in the former General Motors Division
of Detroit Diesel-Allison.  Mr. Belts has a B.A. in Business from the
University of Missouri and an M.B.A. from Michigan State University.
    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's major shareholder is Penske Corporation, a closely-held,
diversified transportation services company whose operations include Penske
Truck Leasing Company, Diesel Technology Company, 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.
    Detroit Diesel's World Wide Web address is http://www.detroitdiesel.com.

SOURCE  Detroit Diesel Corporation