Detroit Diesel Corporation
Company Profile
Business Overview
-The Company, a subsidiary of Daimler Trucks North America, is a leading manufacturer of on-highway heavy-duty diesel engines, axles and transmissions for the commercial truck market.
-In October 2016, the Company collaborated with AT&T and Microsoft to deliver enhancements to its Detroit Connect suite of connected vehicle services. The Company showcased connected vehicle services, advanced safety systems, and a full range of powertrain solutions at the 2017 North American Commercial Vehicle (NACV) show.
Shareholders
-The Company is a wholly owned subsidiary of Daimler AG.
Products
Diesel Engines
-DD5
-DD8
-DD13
-DD15
-DD16
-Legacy engines
- Series 60
- MBE 4000
- Series 50
- MBE 900
Transmissions
-DT12 automated manual transmissions
Axles
-Front steer axles
-Single rear axles
-Tandem rear axles
Integrated powertrains
Detroit Connect telematics solutions
-Detroit Virtual Technician onboard diagnostics system
-On-board tablets
-Fleet visibility software
-Advanced driver assistance systems
-Radar systems
-Camera systems
History
| 1938 | The formation of the GM Diesel Division. |
| 1957 | GM Diesel introduced the Series 53 and Series 71 engines for both on-highway and off-road use. |
| 1965 | GM Diesel became Detroit Diesel Engine Division. |
| 1970 | GM consolidated the Detroit Diesel Engine Division and the Allison Division to the Detroit Diesel Allison Division. |
| Jan. 1988 | A joint venture was formed between Penske Corporation and GM and Detroit Diesel Corporation became the successor to the heavy-duty diesel engine business of the Detroit Diesel Allison Division. |
| Oct. 1993 | Listed on New York Stock Exchange. |
| Dec. 1993 | The Company and Raba Plc formed a joint venture to assemble diesel engines in Hungary. |
| Jan. 1995 | Acquired VW Motori S.p.A., Centro in Italy for USD 125 million. |
| Oct. 2000 | DaimlerChrysler AG purchased the Company, merging it with MTU Friedrichshafen and Mercedes-Benz industrial engines businesses, creating DaimlerChrysler Powertrain systems division. |
| 2005 | DaimlerChrysler AG 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. |
| Oct. 2016 | The company, a subsidiary of Daimler Trucks North America (DTNA), announced collaborations with AT&T and Microsoft Corp. |
| Aug. 2017 | Detroit Diesel Remanufacturing LLC (Detroit Reman) acquired the U.S. and Canadian business operations of Mascot Truck Parts, a provider of remanufactured driveline components for the heavy- and medium-duty truck aftermarket in the U.S. and Canada. |
Supplemental Information 1
>>>Business Reports up until FY ended Dec. 31, 2010
>>>Business Reports up until FY ended Dec. 31, 2013
>>>Business Reports FY ended Dec. 31, 2014
Note: A figure in brackets ( ) indicates a loss