---

Statement by Cummins Engine Company

8 March 2000

Statement by Cummins Engine Company

    COLUMBUS, Ind.--March 7, 2000--Cummins Engine Company, Inc. said today it had received confirmation from Jim Holden, President, DaimlerChrysler Corporation, that DaimlerChrysler had no plans to displace the Cummins diesel engine in its Dodge Ram pickup truck, and that it very much values the partnership and consumer draw that Cummins affords DaimlerChrysler. Holden confirmed that reports to the contrary were inaccurate.
    "I spoke to Jim Holden last night in Auburn Hills, who confirmed that Cummins would remain the diesel engine option in its Dodge Ram pickup truck," said Cummins Chairman and CEO Tim Solso. "Cummins' engines and DaimlerChrysler's Dodge Ram pickup truck have been a winning combination in the marketplace for the last 12 years. That winning partnership will continue."
    Cummins, headquartered in Columbus, Ind., is the world's largest producer of diesel engines above 200 horsepower. The company provides products and services for customers in markets worldwide for engines, power generation and filtration. In 1999, Cummins reported $6.6 billion. Press releases by fax may be requested by calling News on Demand (toll free) at 888-329-2305. Cummins' home page on the Internet can be found at http://www.cummins.com.