Detroit Diesel Corporation Business Report up until FY ended Dec. 2010

Business Highlights


-In Dec. 2005, Daimler entered into a share sale and purchase agreement with the Swedish investor group EQT regarding the sale of major portion of its off-highway business, including the MTU-Friedrichshafen GmbH and the off-highway activities of Detroit Diesel Corporation. The sale was consummated in the first quarter of 2006. The on-highway division of Detroit Diesel was retained by DaimlerChrysler (currently Daimler AG) as part of its Freightliner Truck division.


-In 2009, the Company won the "Technical Achievement Award" from Truck Writers of North America (TWNA) for its turbo compounding technology for the DD15 engine. TWNA is an organization composed of journalists and other professionals working in the truck industry. (From a press release on May 13, 2009)


Product Developments

-In 2009, the Company introduced the DD16, the third in a series of new heavy-duty engines after DD13 and DD15. It displaces 15.6 liters and is the first Detroit Diesel engine to be launched with BlueTec SCR emissions aftertreatment technology. The DD16 will be assembled beginning in 2010 at its facility in Redford, Michigan, USA. The engine will be available in the heavy-duty trucks by Western Star and Freightliner, members of Daimler, in March 2010. (From a press release on Mar 19, 2009)

-In 2008, the Company introduced its new DD13 engine which displaces 12.8 liters, and features a 6-cylinder, in-line configuration. The market launch of the DD13 will start with Sterling Trucks and Freightliner in 2009, followed by Western Star in 2010. It will be manufactured at the Detroit Diesel plant in Redford, Michigan. (From a press release on Aug. 5, 2008)

-In 2007, after nearly five years and 1.5 billion dollars in development, the new heavy-duty DD15 engine was unveiled. The DD15 displaces 14.8 liters, and is a 6-cylinder, in-line design. The market launch of the DD15 in the Freightliner "Cascadia" will take place in the second quarter of 2008. In time, engines sharing this design will be available in all Daimler Trucks heavy-duty models around the world, including Mercedes-Benz and Mitsubishi Fuso trucks. (From a press release on Oct. 19, 2007)

New Technology

-In 2009, the Company completed 12 million miles of testing, out of the targeted 25 million, on its BlueTec SCR emissions aftertreatment system. (From a press release on Feb. 8, 2009)

-In 2008, the Company announced plans to introduce Daimler's BlueTec System as its chosen technology to meet the upcoming stringent EPA2010 standards for heavy-duty trucks. (From a press release on Mar. 27, 2008)

Investment Activities

Investment in USA

-In Jun. 2010, the Company announced that it will invest approximately 194 million dollars to expand existing operations at its manufacturing facility in Redford Township, Michigan. A major portion of the capital spending will support the machining line for the cylinder heads of these new engines. The investment will also cover facility renovations, infrastructure improvements, and procurement of machinery and equipment, as well as ongoing routine and incidental capital investment associated with the production of engines.