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DaimlerChrysler Extends Tender Offer for Detroit Diesel

26 September 2000

DaimlerChrysler Extends Tender Offer for Detroit Diesel

    STUTTGART, Germany and AUBURN HILLS, Mich., Sept. 26 DaimlerChrysler announced today that it has extended its $23.00
per share cash tender offer for all of the outstanding shares of Detroit
Diesel Corporation .  The tender offer, as extended, will expire at
1:00 p.m. Eastern Daylight Savings Time on Monday, October 9, 2000.  As of the
close of business on September 25, 2000, the number of shares of Detroit
Diesel common stock that had been validly tendered was 22,787,944, including
guaranteed deliveries, which, together with DaimlerChrysler's current
ownership amounts to more than 98% of the outstanding common stock of Detroit
Diesel.  DaimlerChrysler noted that the waiting period under the
Hart-Scott-Rodino Act expired last week and that the waiting period applicable
to its European Commission competition notification filing will expire on
October 9, 2000, unless extended.