Detroit Diesel

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Detroit Diesel Corporation (DDC), headquartered in Detroit, Michigan, USA. It is owned by Tognum, which EQT IV formed along with MTU Friedrichshafen.

Detroit Diesel was part of the Freightliner - Trucks NAFTA Business Unit of DaimlerChrysler.

The company produces on-highway medium and heavy-duty Diesel engines for the commercial truck market, and for other commercial and automobile use. Engines range from 170 to 515 hp (127 to 384 kW) for the on-highway market. The Series 60 has been the market share leader since 1992, and combined with the MBE 4000 has 27% of the Class 8 market. Worldwide there are over 800,000 Series 60's, and over 350,000 MBE 900's, in operation.

Detroit Diesel timeline

• 1938: The company was founded by General Motors as the GM Diesel Division.
• World War II: When WWII broke out DDC's two-cycle, lightweight, compact engine is in great demand for landing craft, tanks, road building equipment, and standby generators.
• 1957: Introduction of the Series 53 & Series 71 engines. ^{([Disputed statementdisputed]—see [1965: GM Diesel becomes Detroit Diesel Engine Division.}
• 1970: General Motors merges the Indianapolis based Allison Division, maker of gas turbines and transmissions, to form the Detroit Diesel Allison Division.
• 1982: Detroit Diesel V8 engine is introduced in the Chevrolet C/K
• 1987: Series 60 introduced.
• 1988: Penske Corporation buys a portion of the company and together with GM spin Detroit Diesel Corporation off as a separate company
• 1993: Company completes an initial public offering (IPO), listing on the NYSE under the ticker symbol DDC. Series 50 introduced.
• 2000: DaimlerChrysler AG purchased the company, merging it with their MTU Friedrichshafen and Mercedes-Benz industrial engines businesses, creating the DaimlerChrysler Powersystems division.
• 2006: Detroit Diesel and MTU Friedrichshafen's off-highway business is acquired by the EQT investment group.