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SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
MARCH 13, 1998
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(MARCH 9, 1998)
DETROIT DIESEL CORPORATION
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(Exact name of registrant as specified in its charter)
DELAWARE
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(State or other jurisdiction of incorporation)
1-12394 38-2772023
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(Commission File Number) (IRS Employer Identification No.)
13400 OUTER DRIVE WEST, DETROIT, MICHIGAN 48239-4001
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(Address of principal executive offices,
including zip code)
313-592-5000
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(Registrant's telephone number, including area code)
This report contains 3 pages.
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TABLE OF CONTENTS
PAGE NO.
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ITEM 5 - OTHER EVENTS 3
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ITEM 5 - OTHER EVENTS
DETROIT, MICHIGAN, March 9, 1998 -- The appointment of Robert E. Belts as Senior
Vice President of Finance and Chief Financial Officer of Detroit Diesel
Corporation was announced today by Timothy D. Leuliette, Vice Chairman. Mr.
Belts succeeds J. Randall Lawrence, who has been named Executive Vice President
and Chief Financial Officer of Penske Auto Centers, Inc. The appointment is
effective March 9, 1998.
Mr. Belts, age 48, has been Controller for Detroit Diesel Corporation
for ten years and a Vice President since 1995. He has held various financial
positions of increasing responsibility in the former General Motors Division of
Detroit Diesel-Allison. Mr. Belts has a B.A. in Business from the University of
Missouri and an M.B.A. from Michigan State University.
Detroit Diesel Corporation is engaged in the design, manufacture, sale
and service of heavy-duty diesel and alternative fuel engines, automotive diesel
engines, and engine-related products; and provides financing through Detroit
Diesel Capital Corporation. The Company offers a complete line of diesel engines
from ten to 10,000 horsepower for the on-highway truck; construction, mining and
industrial; automotive; coach and bus; marine; power generation; and military
markets. Detroit Diesel services these markets directly and through a worldwide
network of more than 2,500 authorized distributors and dealers. DDC is a QS-9000
certified company. Detroit Diesel's major shareholder is Penske Corporation, a
closely-held, diversified transportation services company whose operations
include Penske Truck Leasing Company, Diesel Technology Company, Penske
Automotive Group, Inc., Penske Auto Centers, Inc., Penske Motorsports, Inc., and
Penske Capital Partners. The Penske group of businesses has annual revenues
exceeding $6 billion and employs more than 28,000 people around the world.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
DETROIT DIESEL CORPORATION
Date: March 13, 1998 By: /s/ John F. Farmer
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John F. Farmer
Its: Vice President and General
Counsel
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