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Grupo Dina Engages New External Auditors and Selects New Chairman of the Board of Directors

14 November 2000

Grupo Dina Engages New External Auditors and Selects New Chairman of the Board of Directors

    MEXICO CITY, Nov. 14 Consorcio G. Grupo Dina, S.A. de C.V.
, a leading Latin American producer of trucks, today
announced the appointment of BDO International Accountants & Consultants (BDO)
as the company's external auditors. BDO will replace the firm of Arthur
Andersen & Company, which resigned on October 16th in accordance with its
previously announced intention.
    The firm of BDO, with offices in Mexico, the United States and Europe, is
experienced in handling information required by the Securities & Exchange
Commission and the Mexican Stock Exchange. Carlos E. Martinez, a
representative of the New York law firm of Proskauer Rose LLP, will assist
Grupo Dina with its audits.
    Gabriel Llamas Monjardin, a BDO partner, will become Chairman of Grupo
Dina's Board of Directors.

    The Private Securities Litigation Reform Act provides a "Safe Harbor" for
forward-looking statements to encourage companies to provide prospective
investors with information, provided that such statements are identified as
forward-looking and are accompanied by meaningful cautionary statements
identifying important factors which could cause results to be materially
different from those discussed in the statement.
    In discussing the future prospects of the Company, management has
identified factors including, but not restricted to the following:
    --   Economic and industry conditions, and most importantly interest rates
         and inflation.
    --   Conditions in Mexico and Argentina, among the Company's primary
         markets, which have experienced significant volatility in recent
         years, including devaluation of the peso.
    --   The successful implementation of the Company's restructuring program.
    --   Competitive and overall industry conditions in its major markets.
    --   Order flow for its products from major customers.
    --   Harmonious relationships with its workers and labor unions that
         represent them.
    --   The outcome of a lawsuit against Western Star for breach of contract.
         There is no assurance that the eventual outcome will be beneficial to
         the company.