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DaimlerChrysler Completes Cash Tender Offer for Detroit Diesel

10 October 2000

Announces Subsequent Offering Period

    STUTTGART, Germany and AUBURN HILLS, Mich. - DaimlerChrysler announced today 
the completion of its $23 per share cash tender offer for all outstanding shares 
of common stock of Detroit Diesel Corporation .  The tender offer expired at 
1 p.m. Eastern Daylight Savings Time (EDST) on Monday, October 9, 2000, at which 
time approximately 17,508,629 shares of Detroit Diesel common stock were 
validly tendered, including guaranteed deliveries.  Payment for the shares of 
Detroit Diesel common stock purchased yesterday will be made promptly through
ChaseMellon Shareholder Services, L.L.C., the depositary for the tender offer.
After payment for the deposited shares, DaimlerChrysler will own approximately
97.1% of the total issued and outstanding shares of Detroit Diesel common
stock.

    As previously announced, DaimlerChrysler will provide a subsequent
offering period of three business days for the Detroit Diesel tender offer,
which begins today at 9 a.m. EDST and expires at 11:59 p.m. EDST on Thursday,
October 12, 2000.  During this subsequent offering period, shares of Detroit
Diesel will be accepted and promptly paid for as they are tendered.  The same
price paid during the initial offering is extended through the subsequent
offering period:  $23 per share, net to the seller in cash, to Detroit Diesel
stockholders.  Shares that are tendered during the subsequent offering period
may not be withdrawn.

    Detroit Diesel Corporation, incorporated in 1987, is an international
leader in diesel engines for on- and off-highway applications.  The company
offers engines from 22 to 22,000 horsepower for the on-highway, off-road
(including power generation) and automotive markets through a worldwide
network of more than 2,700 authorized distributor and dealer locations.  It
designs, manufactures, markets, services and provides aftermarket and
remanufactured diesel and alternative fuel engines.

    DaimlerChrysler AG is the world's leading manufacturer of commercial
vehicles with the brands Mercedes-Benz, Freightliner, Sterling, Setra and
Thomas Built Buses.

    Investors and security holders are strongly advised to read both the
tender offer statement and the solicitation/recommendation statement regarding
the tender offer referred to in this press release, because they contain
important information.  The tender offer statement has been filed by
DaimlerChrysler with the Securities and Exchange Commission (SEC), and the
solicitation/recommendation statement has been filed by Detroit Diesel with
the SEC.