Paccar News Updates

LAS VEGAS — Paccar, Daimler and Cummins are nearing a decision on the location of a factory to produce lithium-iron phosphate batteries.

Paccar Inc. posted a 60% jump in third-quarter earnings as parts margins rose and truck sales increased, easily surpassing analyst expectations.

Daimler Truck Holding, Accelera by Cummins and Paccar are investing billions in a joint venture to advance battery cell production in the U.S.

Paccar posted record quarterly income in the three months that ended June 30, beating estimates as profits across some of the company’s divisions reported healthy year-over-year gains.

ANAHEIM, Calif. — Truck manufacturer Paccar Inc. and global automaker Toyota Motor Corp. are moving forward with a partnership to produce fuel cell electric Class 8 trucks.

Paccar saw its earnings jump 22% year-over-year in the three months that ended March 31 on the back of record revenue and a jump in margins.

Paccar Inc. beat market expectations for fourth-quarter earnings Jan. 24, aided by strong demand for its trucks from customers looking to replace older, outdated vehicles.

Paccar said Jan. 19 it is collaborating with Platform Science to integrate its virtual vehicle platform into its trucks.

Kentucky’s governor joined with executives from Paccar Parts to launch a $45 million distribution center in Louisville to serve dealers and customers in the central, mid-Atlantic and southeastern regions.

Paccar Inc. announced it declared an extra cash dividend of $2.80 per share, payable on Jan. 5, 2023, to stockholders of record at the close of business on Dec. 16.