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CUSIP No. 250837 10 1 Page 1 of 9
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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 13G
UNDER THE SECURITIES EXCHANGE ACT OF 1934
(AMENDMENT NO. 2)*
Detroit Diesel Corporation
- --------------------------------------------------------------------------------
(NAME OF ISSUER)
Common Stock
- --------------------------------------------------------------------------------
(TITLE OF CLASS OF SECURITIES)
250837 10 1
---------------------------
(CUSIP NUMBER)
Check the following box if a fee is being paid with this statement [ ]. (A fee
is not required only if the filing person: (1) has a previous statement on file
reporting beneficial ownership of more than five percent of the class of
securities described in Item 1; and (2) has filed no amendment subsequent
thereto reporting beneficial ownership of five percent or less of such class.)
(See Rule 13d-7).
*The remainder of this cover page shall be filled out for a reporting person's
initial filing on this form with respect to the subject class of securities, and
for any subsequent amendment containing information which would alter the
disclosures provided in a prior cover page.
The information required in the remainder of this cover page shall not be deemed
to be "filed" for the purpose of Section 18 or the Securities Exchange Act of
1934 ("Act") or otherwise subject to the liabilities of that section of the Act
but shall be subject to all other provisions of the Act (however, see the
Notes).
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CUSIP No. 250837 10 1 13G Page 2 of 9 Pages
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1 NAME OF REPORTING PERSON
S.S. or I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
DDC Holdings, Inc.
38-3135361
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [ ]
(b) [ ]
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3 SEC USE ONLY
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4 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
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NUMBER OF 5 SOLE VOTING POWER
SHARES
BENEFICIALLY
OWNED BY EACH
REPORTING
PERSON WITH
----------------------------------------------------
6 SHARED VOTING POWER
11,240,000
----------------------------------------------------
7 SOLE DISPOSITIVE POWER
----------------------------------------------------
8 SHARED DISPOSITIVE POWER
11,240,000
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9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
11,240,000
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10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
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11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
45.5%
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12 TYPE OF REPORTING PERSON*
CO
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*SEE INSTRUCTION BEFORE FILLING OUT!
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CUSIP No. 250837 10 1 13G Page 3 of 9 Pages
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1 NAME OF REPORTING PERSON
S.S. or I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Penske Corporation
23-1717338
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [ ]
(b) [ ]
- --------------------------------------------------------------------------------
3 SEC USE ONLY
- --------------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
- --------------------------------------------------------------------------------
NUMBER OF 5 SOLE VOTING POWER
SHARES
BENEFICIALLY
OWNED BY EACH
REPORTING
PERSON WITH
----------------------------------------------------
6 SHARED VOTING POWER
11,240,000
----------------------------------------------------
7 SOLE DISPOSITIVE POWER
----------------------------------------------------
8 SHARED DISPOSITIVE POWER
11,240,000
- --------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
11,240,000
- --------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
- --------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
45.5%
- --------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON*
CO
- --------------------------------------------------------------------------------
*SEE INSTRUCTION BEFORE FILLING OUT!
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CUSIP No. 250837 10 1 Page 4 of 9
SCHEDULE 13G - TO BE INCLUDED IN STATEMENTS
FILED PURSUANT TO RULE 13d-1(c)
ITEM 1.
a) NAME OF ISSUER:
Detroit Diesel Corporation
b) ADDRESS OF ISSUER'S PRINCIPAL OFFICE:
13400 Outer Drive West
Detroit, MI 48239-4001
ITEM 2.
a) NAME OF PERSON FILING:
The names of the persons filing this statement are DDC
Holdings, Inc., a Delaware corporation, and Penske Corporation, a Delaware
corporation (See Exhibit B, Joint Filing Agreement between DDC Holdings, Inc.
and Penske Corporation).
DDC Holdings, Inc., a Delaware Corporation, is the
wholly-owned subsidiary of Penske Transportation Holdings Corp. and is the
record holder of the 11,240,000 shares of the common stock, par value $.01 per
share, of Detroit Diesel Corporation that are the subject of this filing.
Penske Transportation Holdings Corp., a Delaware Corporation,
owns directly all of the stock of DDC Holdings, Inc.
Penske Corporation, a Delaware corporation, owns all of the
stock of Penske Transportation Holdings Corp.
Penske Transportation, Inc., the former parent company of
Penske Transportation Holdings Corp., was merged with and into Penske
Corporation on March 20, 1996. Penske Holdings Corporation, formerly the holder
of 80.05% of the shares of Common Stock of Penske Transportation, Inc., was
merged with and into Penske Corporation on March 18, 1996.
Roger S. Penske, a United States citizen, owns beneficially
and controls approximately 55% of the stock of Penske Corporation. He also owns
77,500 additional shares of Common Stock of Detroit Diesel Corporation (50,000
of which represent options to purchase the Common Stock of Detroit Diesel
Corporation exercisable as of February 28, 1997), and owns beneficially 4,000
additional shares of the Common Stock of Detroit Diesel Corporation (however,
Mr. Penske disclaims beneficial ownership of 1,000 shares of such stock), which
are reported on a separate Schedule 13G filed as of the date hereof.
b) ADDRESS OF PRINCIPAL BUSINESS OFFICE OR, IF NONE, RESIDENCE:
The address of the principal office of Penske Corporation and
Roger S. Penske is:
13400 Outer Drive West
Detroit, MI 48239-4001
The address of the principal office of DDC Holdings, Inc. and
Penske Holdings Corp. is:
1105 North Market Street, Suite 1300
Wilmington, DE 19801
c) CITIZENSHIP:
All of the persons listed in Item 2(a), above, are Delaware
corporations. Roger S. Penske is a United States citizen.
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CUSIP No. 250837 10 1 Page 5 of 9
d) TITLE OF CLASS OF SECURITIES:
Common Stock
e) CUSIP NUMBER:
250837 10 1
ITEM 3.
Not applicable.
ITEM 4. OWNERSHIP
a) AMOUNT BENEFICIALLY OWNED:
11,240,000 shares
b) PERCENT OF CLASS:
45.5%
c) NUMBER OF SHARES AS TO WHICH SUCH PERSON HAS
(i) SOLE POWER TO VOTE OR TO DIRECT THE VOTE:
-0-
(ii) SHARED POWER TO VOTE OR TO DIRECT THE VOTE:
11,240,000
(iii) SOLE POWER TO DISPOSE OR TO DIRECT THE DISPOSITION
OF:
-0-
(iv) SHARED POWER TO DISPOSE OR TO DIRECT THE DISPOSITION
OF:
11,240,000
ITEM 5. OWNERSHIP OF FIVE PERCENT OR LESS OF A CLASS:
Not Applicable
ITEM 6. OWNERSHIP OF MORE THAN FIVE PERCENT ON BEHALF OF ANOTHER
PERSON.
See response to Item No. 2 for a list of the persons who may
be deemed to have the right to receive or the power to direct,
the receipt of dividends from, or the proceeds from the sale
of such securities (and such interest relates to more than
five percent of such class)
ITEM 7. IDENTIFICATION AND CLASSIFICATION OF THE SUBSIDIARY WHICH
ACQUIRED THE SECURITY BEING REPORTED ON BY THE PARENT HOLDING
COMPANY:
See attached Exhibit A
ITEM 8. IDENTIFICATION AND CLASSIFICATION OF MEMBERS OF A GROUP:
Not applicable
ITEM 9. NOTICE OF DISSOLUTION OF GROUP:
Not applicable
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CUSIP No. 250837 10 1 Page 6 of 9
ITEM 10. CERTIFICATION:
Not applicable
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CUSIP No. 250837 10 1 Page 7 of 9
SIGNATURE
After reasonable inquiry and to the best of my knowledge and belief, I
certify that the information set forth in this statement is true, complete and
correct.
DDC HOLDINGS, INC.
By: /s/ RICHARD J. PETERS
-----------------------------
Name: Richard J. Peters
Title: Vice President
Attest: /s/ LAWRENCE N. BLUTH
-----------------------------
Name: Lawrence N. Bluth
Title: Secretary
February 13, 1997
-----------------------------
Date
PENSKE CORPORATION
By: /s/ RICHARD J. PETERS
-----------------------------
Name: Richard J. Peters
Title: Executive Vice
President
Attest: /s/ LAWRENCE N. BLUTH
-----------------------------
Name: Lawrence N. Bluth
Title: Secretary
February 13, 1997
-----------------------------
Date
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CUSIP No. 250837 10 1 Page 8 of 9
Exhibit A
SCHEDULE 13G - TO BE INCLUDED IN STATEMENTS
FILED PURSUANT TO RULE 13d-1(c)
Pursuant to the instructions of Item 7 of Schedule 13G, Penske
Corporation, a Delaware corporation, files this Amendment No. 2 to its Schedule
13G as the parent company of its wholly-owned subsidiary, Penske Transportation
Holdings Corp., which is the parent company of DDC Holdings, Inc. DDC Holdings,
Inc. is the record holder of the shares of Detroit Diesel Corporation subject to
this filing.
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CUSIP No. 250837 10 1 Page 9 of 9
Exhibit B
JOINT FILING AGREEMENT
In accordance with Rule 13d-1(f) under the Securities Exchange Act of
1934, as amended, the persons named below agree to the joint filing on behalf of
each of them of a Statement on Schedule 13D (including amendments thereto) with
respect to the common stock, par value $0.01 per share, of Detroit Diesel
Corporation, which agreement may be executed in any number of counterparts and
further agree that this Joint Filing Agreement be included as an exhibit to such
joint filings.
Dated: February 10, 1994
DDC HOLDINGS, INC.
By: /s/ Richard J. Peters
---------------------------
Name: Richard J. Peters
Title: Vice President
Attest: /s/ Lawrence N. Bluth
---------------------------
Name: Lawrence N. Bluth
Title: Secretary
PENSKE CORPORATION
By: /s/ Richard J. Peters
---------------------------
Name: Richard J. Peters
Title: Vice President
Attest: /s/ Lawrence N. Bluth
---------------------------
Name: Lawrence N. Bluth
Title: Secretary
