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SCHEDULE 13G
(RULE 13d-102)
Information to be Included in Statements Filed Pursuant to Rule 13d-1(b), (c)
and (d) and Amendments Thereto Filed Pursuant to Rule 13d-2.
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934
(Amendment No. 3)
DETROIT DIESEL CORPORATION
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(Name of Issuer)
COMMON STOCK
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(Title of Class of Securities)
250837 10 1
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(CUSIP Number)
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(Date of Event Which Requires Filing of this Statement)
Check the appropriate box to designate the rule pursuant to which this
Schedule is filed:
[ ] Rule 13d-1(b)
[ ] Rule 13d-(c)
[X] Rule 13d-1(d)
*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 of 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 6 PAGES
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1 Names of Reporting Persons/I.R.S. Identification Nos. of Above Persons
(Entities Only)
ROGER S. PENSKE
SSN: ###-##-####
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2 Check the Appropriate Box if a Member of a Group (a) [ ]
(See Instructions) (b) [ ]
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3 SEC Use Only
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4 Citizenship or Place of Organization
UNITED STATES CITZEN
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Number of
5 Sole Voting Power
Shares 109,000
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Beneficially 6 Shared Voting Power
11,244,000 (1)
Owned by -----------------------------------------------------
7 Sole Dispositive Power
Each 109,000
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Reporting 8 Shared Dispositive Power
11,244,000 (1)
Person With
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9 Aggregate Amount Beneficially Owned by Each Reporting Person
11,353,000
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10 Check if the Aggregate Amount in Row (9) Excludes Certain Shares [ ]
(See Instructions)
SEE FOOTNOTE (1)
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11 Percent of Class Represented by Amount in Row (9)
45.96%
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12 Type of Reporting Person (See Instructions)
IN
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(1) The reporting person disclaims beneficial ownership of these shares,
and this report shall not be deemed an admission that the reporting person
is the beneficial owner of such securities.
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CUSIP NO. 250837 10 1 13G PAGE 3 OF 6
TO BE INCLUDED IN STATEMENTS
FILED PURSUANT TO RULE 13D-1(C)
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ITEM 1:
A) NAME OF ISSUER:
Detroit Diesel Corporation
B) ADDRESS OF ISSUER'S PRINCIPAL OFFICE:
13400 West Outer Drive
Detroit, MI 48239-4001
ITEM 2:
A) NAME OF PERSON FILING:
The name of the person filing this statement is Roger
S. Penske, a United States
citizen.
With respect to 11,240,000 shares, Roger S. Penske
may be deemed to share voting and dispositive power
with DDC Holdings, Inc., a Delaware corporation, and
Penske Corporation, a Delaware corporation, which
have each filed a Schedule 13G with the Securities
and Exchange Commission; however, Mr. Penske
disclaims beneficial ownership of such stock. The
relationship between Roger S. Penske and such
entities is described below:
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.
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CUSIP NO. 250837 10 1 13G PAGE 4 OF 6
TO BE INCLUDED IN STATEMENTS
FILED PURSUANT TO RULE 13D-1(C)
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Roger S. Penske, a United States citizen,
owns beneficially and controls approximately
57% of the stock of Penske Corporation. He
also owns 109,000 additional shares of the
Common Stock of Detroit Diesel Corporation
(80,000 of which represent options to
purchase the Common Stock of Detroit Diesel
Corporation exercisable as of February 28,
1999), and owns beneficially 4,000
additional shares of the Common Stock of
Detroit Diesel Corporation, which are
reported on this Schedule 13G.
The record holders of the 4,000 shares
referenced above are relatives of Roger S.
Penske, which Roger S. Penske may be deemed
beneficially to own; however, Mr. Penske
disclaims ownership of 2,000 shares of such
stock.
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 West Outer Drive
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.
D) TITLE OF CLASS OF SECURITIES:
Common Stock
E) CUSIP NUMBER:
250837 10 1
ITEM 3:
Not Applicable.
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CUSIP NO. 250837 10 1 13G PAGE 5 OF 6
TO BE INCLUDED IN STATEMENTS
FILED PURSUANT TO RULE 13D-1(C)
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ITEM 4: OWNERSHIP
A) AMOUNT BENEFICIALLY OWNED:
11,353,000
B) PERCENT OF CLASS:
45.96%
C) NUMBER OF SHARES AS TO WHICH SUCH PERSON HAS:
(I) SOLE POWER TO VOTE OR TO DIRECT THE VOTE:
109,000
(II) SHARED POWER TO VOTE OR TO DIRECT THE VOTE:
11,244,000
(III) SOLE POWER TO DISPOSE OR TO DIRECT THE
DISPOSITION OF:
109,000
(IV) SHARED POWER TO DISPOSE OR TO DIRECT THE
DISPOSITION OF:
11,244,000
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 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 11,240,000 shares of such securities (and such interest relates
to more than five percent of such class).
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CUSIP NO. 250837 10 1 13G PAGE 6 OF 6
TO BE INCLUDED IN STATEMENTS
FILED PURSUANT TO RULE 13D-1(C)
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ITEM 7: IDENTIFICATION AND CLASSIFICATION OF THE SUBSIDIARY WHICH
ACQUIRED THE SECURITY BEING REPORT ON BY THE PARENT HOLDING
COMPANY:
Not applicable.
ITEM 8: IDENTIFICATION AND CLASSIFICATION OF MEMBERS OF A GROUP:
Not Applicable.
ITEM 9: NOTICE OF DISSOLUTION OF GROUP:
Not Applicable.
ITEM 10: CERTIFICATION:
Not Applicable.
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.
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/s/ ROGER S. PENSKE
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NAME
FEBRUARY 11, 1999
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DATE
