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Detroit Diesel Confirms Intention to Remain Independent

28 April 1999

Detroit Diesel Confirms Intention to Remain Independent

    DETROIT, April 28 -- In response to recent statements in the
press regarding the ownership of Detroit Diesel Corporation , Roger
S. Penske, Chairman of the Board stated, "We want to reiterate our intention
to maintain an independent path in the marketplace, and to underscore that
strategic direction, we have indicated to DaimlerChrysler our interest in the
repurchase of their 20% interest in our Company."
    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.  The Company offers a complete line of
diesel engines from 22 to 10,000 horsepower for the on-highway, off-road
(including power generation), and automotive markets.
    Detroit Diesel services these markets directly and through a worldwide
network of more than 2,800 authorized distributor and dealer locations.  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, L.L.C.  The Penske Group of businesses has annual revenues exceeding
$6 billion and employs more than 28,000 people around the world.
    This news release may include projections, forecasts and other forward-
looking statements about the Company, the industry in which it competes and
the markets it serves.  The achievement of such projections is subject to
certain risks and uncertainties, fully detailed in the "Cautionary Statement
for purposes of 'Safe Harbor' under the Private Securities Reform Act of 1995"
in the Company's most recent Annual Report on Form 10-K, which is on file with
the Securities and Exchange Commission.
    Detroit Diesel's World Wide Web address is http://www.detroitdiesel.com