Detroit Diesel Corporation
-The Company, a subsidiary of Daimler Trucks North America, is a leading manufacturer of on-highway heavy-duty diesel engines and axles for the commercial truck market offering products under the Detroit brand.
-The Company has built more than 5 million engines since 1938 and currently has more than 1 million engines in operation worldwide.
-The company had collaborated with AT&T and Microsoft Corp. to deliver enhancements to its Detroit Connect suite of connected vehicle services in October 2016 and showcased connected vehicle services, advanced safety systems, and a full range of powertrain solutions at the 2017 North American Commercial Vehicle (NACV) show. The latest technologies from the company are being loaded at the Daimler Trucks North America now.
-Wholly owned subsidiary of Daimler AG.
- Series 60
- MBE 4000
- Series 50
- MBE 900
-Front steer axles
-Single rear axles
-Tandem rear axles
Detroit Connect telematics solutions
-Detroit Virtual Technician onboard diagnostics system
-Visibility fleet software
|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
Note: A figure in brackets ( ) indicates a loss