PRESS RELEASE Corporate

MTU Friedrichshafen and VM Motori with Distributorship Agreement

Posted on March 29, 2004

VM Motori has joined its distribution activities with DaimlerChrysler Off-Highway.
VM Motori has joined its distribution activities with DaimlerChrysler Off-Highway. The Off-Highway products of the Italian diesel engine manufacturer VM Motori S.p.A. are made available to the DaimlerChrysler Off-Highway sales organization. In addition to the worldwide distribution of VM engines, DaimlerChrysler Off-Highway offers worldwide service and global availability of spare parts. In this context, VM Motori supports the DaimlerChrysler Off-Highway organization through technical and market expertise for VM products.

DaimlerChrysler Off-Highway already supplies the 75 to 9,000 kW (100 to 12,000 PS) power range with its own mtu- and Detroit Diesel- brand engines. The present agreement rounds up the product spectrum in the lower power range with the immediate addition of VM engines in model series D700, HR and SUN; 2-, 3-, 4- and 6-cylinder engines with an output of 20 - 220 kW (30 to 300 HP). The VM engines have a modular construction and are equipped with different fuel-injection systems to meet specific market demands with respect to exhaust emission regulations, consumption, ease of service, etc. The generators and pump sets are fully integrated into the product range of DaimlerChrysler Off-Highway.

According to Peter Grosch, Vice President Sales of DaimlerChrysler Off-Highway, the agreement with VM Motori is an important step to becoming a full-line provider: "The technical design of VM Motori's engines fits very well into our design philosophy and product range. This attractive addition to our product spectrum in the lower power ranges will
open up significant new business potential in the various areas of application, and particularly in the sales & marketing activities through our worldwide distribution organization."

For VM Motori, the cooperation with DaimlerChrysler Off-Highway means a significant expansion of the sales market. “So far, our company has been primarily active on the West European market in the Off-Highway sector“, said Vilmo Ferioli, CEO of VM Motori. “ The engine distribution through the DaimlerChrysler Off-Highway Organization provides us with a global marketing platform. Thus, VM Off-Highway products benefit from the recognized service quality of the DaimlerChrysler Off-Highway Organization.“