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Detroit Diesel Announces the Promotion of Charles G. McClure to CEO

7 October 1999

Detroit Diesel Corporation Announces the Promotion of Charles G. McClure to Chief Executive Officer

    DETROIT, Oct. 7 -- Detroit Diesel Corporation
(DDC) announced today the appointment of Charles G. (Chip) McClure to
President and CEO of DDC effective immediately.  McClure will report to Roger
S. Penske, who will remain Chairman of DDC.
    Roger S. Penske stated, "In today's competitive environment, with ever-
increasing cost reduction, quality and customer service expectations, Chip
McClure has exhibited proven leadership skills, solid international experience
and a personal commitment to help guide our company into the next century.
His broad and diverse background will continue to be beneficial to our
business and enhance our efforts to strengthen DDC's position in new and
existing markets.  Since coming on board two years ago, he has worked with our
customers, suppliers and employees, including UAW Local 163, to grow our
business, and we are confident that he will play a major role in our future
growth."
    Mr. Penske added, "Chip, along with our senior management team, will
continue to focus on broad-based strategic and marketing initiatives that will
ensure DDC's long-term success."
    Prior to joining DDC, McClure was employed for 14 years at Johnson
Controls, Inc.  During that time, he was president, and previously vice
president and general manager of the Automotive Systems Group for the
Americas, a $4 billion group of businesses with 50 plants and 20,000
employees.
    Prior to his employment at Johnson Controls, McClure was employed at the
Ford Motor Company as a heavy truck sales engineer and previously a product
engineer.  McClure holds a BS degree in Mechanical Engineering from Cornell
University and an MBA from the University of Michigan.
    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;
automotive; and power generation markets.  Detroit Diesel services these
markets directly and through a worldwide network of more than 2,800 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., and Penske Capital Partners L.L.C.  The
Penske group of manages businesses with annual revenues exceeding $10 billion
and employs more than 33,000 people around the world.
    Detroit Diesel's World Wide Web address is http://www.detroitdiesel.com