DaimlerChrysler, General Dynamics To Unite On Diesel Engines

DaimlerChrysler AG's MTU North America Inc. subsidary and General Dynamics Land Systems are forming a joint venture: The Performance Diesels Co. LLC. The new company will pursue engine supply contracts for military applications. "We feel confident that by drawing on the strengths of both companies, we can furnish the engine platforms needed by 21st Century military forces," says Phil Wasinger, the newly appointed president of Performance Diesels and former managing director of MTU based in Washington. MTU is the heavy-engine unit of DaimlerChrysler, based in Friedrichshafen, Germany. General Dynamics Land Systems, based in Sterling Heights, Mich., is a subsidiary of General Dynamics Corp.