Paccar

PACCAR Increases Regular Quarterly Dividend

Retrieved on: 
Tuesday, April 27, 2021
Trucking, Aftermarket, Automotive, General Automotive, Transport, Fleet management, Paccar, Dividends

b'PACCAR Inc\xe2\x80\x99s Board of Directors today approved an increase of 6% in the regular quarterly cash dividend from thirty-two cents ($.32) per share to thirty-four cents ($.34) per share.

Key Points: 
  • b'PACCAR Inc\xe2\x80\x99s Board of Directors today approved an increase of 6% in the regular quarterly cash dividend from thirty-two cents ($.32) per share to thirty-four cents ($.34) per share.
  • PACCAR has delivered annual dividends, including regular quarterly and extra cash dividends, totaling approximately 50% of net income for many years.
  • PACCAR also designs and manufactures advanced powertrains, provides financial services and information technology, and distributes truck parts related to its principal business.
  • PACCAR shares are listed on the NASDAQ Global Select Market, symbol PCAR.

PACCAR Achieves Very Good Quarterly Revenues and Profits

Retrieved on: 
Tuesday, April 27, 2021
Automotive Manufacturing, Aftermarket, Automotive, Manufacturing, Professional services, Trucking, Transport, General Automotive, Alternative Vehicles, Fuels, Fleet management, Finance, Paccar, NASDAQ, Finance, Financial markets, Economy of the United States

b'\xe2\x80\x9cPACCAR (Nasdaq: PCAR) reported very good revenues and net income for the first quarter of 2021,\xe2\x80\x9d said Preston Feight, chief executive officer.

Key Points: 
  • b'\xe2\x80\x9cPACCAR (Nasdaq: PCAR) reported very good revenues and net income for the first quarter of 2021,\xe2\x80\x9d said Preston Feight, chief executive officer.
  • \xe2\x80\x9cPACCAR Parts achieved record quarterly sales and profits due to robust freight activity, high truck utilization, investments in distribution and innovative technology such as its e-commerce platform.
  • PACCAR Financial Services increased its profitability due to excellent portfolio quality and strong used truck demand.
  • PACCAR Parts achieved record first quarter revenues of $1.16 billion, compared to the $998.6 million reported in the same period last year.

A&R Logistics Advances Commitment to Sustainability Adding New Peterbilt Model 579 Electric Vehicles to Fleet

Retrieved on: 
Thursday, April 22, 2021
Electric vehicles, Paccar, Peterbilt, Electric vehicle, Charging station, Truck, Transport, Economy of the United States, Companies

PACCAR is the parent company of Peterbilt and by working with PACCAR Parts and their electric infrastructure partners at Schneider Electric and Faith Technologies, A&R was able to design a sophisticated charging infrastructure to prepare its facilities for the electric vehicles.

Key Points: 
  • PACCAR is the parent company of Peterbilt and by working with PACCAR Parts and their electric infrastructure partners at Schneider Electric and Faith Technologies, A&R was able to design a sophisticated charging infrastructure to prepare its facilities for the electric vehicles.
  • The rapid charging technology will help A&R maximize use of the trucks.\n"Being early adopters of electric vehicle technology demonstrates our commitment to sustainability and technology," said A&R President, Chris Ball.
  • "Once we made the decision to add EVs to our fleet, Peterbilt and PACCAR were the obvious choice.
  • With a complete lineup of diesel, natural gas and electric vehicles, Peterbilt has earned a global reputation for superior engineering, quality and craftsmanship.

2021 Annual Strategy Dossier of Top 7 Medium & Heavy Truck Manufacturers: Daimler, Volvo, MAN, Scania, PACCAR, Navistar, Iveco - Near to Medium Term Horizon

Retrieved on: 
Wednesday, April 7, 2021
Engines, Companies, TRATON, Battery electric vehicles, Lisle, Illinois, Navistar International, Truck, Paccar, Iveco, Volvo, Scania AB

DUBLIN, April 7, 2021 /PRNewswire/ -- The "Annual Strategy Dossier - 2021 - Global Top 7 Medium & Heavy Truck Manufacturers - Daimler, Volvo, MAN, Scania, PACCAR, Navistar, Iveco" report has been added to ResearchAndMarkets.com's offering.

Key Points: 
  • DUBLIN, April 7, 2021 /PRNewswire/ -- The "Annual Strategy Dossier - 2021 - Global Top 7 Medium & Heavy Truck Manufacturers - Daimler, Volvo, MAN, Scania, PACCAR, Navistar, Iveco" report has been added to ResearchAndMarkets.com's offering.
  • The 2021 annual edition of the Strategy Dossier report analyses the overall Strategy Focus and provides Key Insights into the Strategies & Plans being conceptualized & pursued by the Global Top 7 Medium & Heavy Truck Manufacturers for the near to medium term horizon.
  • Further, mass market production & introduction of hydrogen powered trucks across Europe by 2030, too, is in the pipeline under the H2Accelerate initiative by the industry.
  • The report concludes by providing comprehensive market outlook for the global medium & heavy truck market for the medium term with inclusion of demand projections for key geographic markets & regions.

PACCAR Announces Strategic Supply Partnership with Romeo Power

Retrieved on: 
Tuesday, April 6, 2021
Other Energy, Alternative energy, Energy, Alternative Vehicles, Fuels, Automotive, Automotive Manufacturing, General Automotive, Manufacturing, Paccar

PACCAR, a leader in zero emissions commercial vehicles, announced today a five-year supply agreement for battery power systems with Romeo Power, Inc. (Romeo Power), a leading battery technology company headquartered in Los Angeles, California.

Key Points: 
  • PACCAR, a leader in zero emissions commercial vehicles, announced today a five-year supply agreement for battery power systems with Romeo Power, Inc. (Romeo Power), a leading battery technology company headquartered in Los Angeles, California.
  • PACCAR has become a minority shareholder in Romeo Power as part of the strategic alliance.
  • PACCAR is delighted to be working with Romeo Power.
  • The partnership with Romeo will further enhance PACCARs zero emissions product offerings that improve customers operational efficiency and environmental impact, said Darrin Siver, PACCAR senior vice president.

Romeo Power and PACCAR Enter Long-Term Supply Agreement for Peterbilt 579 and 520 Battery-Electric Vehicles

Retrieved on: 
Tuesday, April 6, 2021
Other Energy, Automotive, Other Automotive, Utilities, General Automotive, Energy, Alternative Vehicles, Fuels, Peterbilt, Paccar

Under the agreement, Romeo Power will be a battery supplier for Peterbilt 579 and 520 BEVs in the United States and Canada through 2025.

Key Points: 
  • Under the agreement, Romeo Power will be a battery supplier for Peterbilt 579 and 520 BEVs in the United States and Canada through 2025.
  • Romeo Power is very pleased to extend its relationship with PACCAR through our new long-term supply agreement, said Lionel Selwood, Jr., CEO of Romeo Power.
  • PACCAR will continue to be a great partner for Romeo Power as we work to achieve our shared goals of reducing emissions with safe, energy efficient technology solutions.
  • We are pleased to enter into a long-term supply agreement with Romeo Power as they are paving the way for cost-effective electrification within the commercial vehicle sector.

PACCAR Business Update

Retrieved on: 
Wednesday, March 31, 2021
Technology, Trucking, Semiconductor, Automotive, General Automotive, Transport, Automotive Manufacturing, Manufacturing, Other Automotive, Paccar, Peterbilt, Kenworth, Truck, Economy of the United States, Companies, Mark Pigott, Science and technology, Murphy-Hoffman Company

The semiconductor shortage has reduced PACCARs truck deliveries in the first quarter of 2021 by approximately 3,000 vehicles.

Key Points: 
  • The semiconductor shortage has reduced PACCARs truck deliveries in the first quarter of 2021 by approximately 3,000 vehicles.
  • PACCAR anticipates that the semiconductor shortage will continue in the second quarter.
  • PACCAR is a global technology leader in the design, manufacture and customer support of high-quality light-, medium- and heavy-duty trucks under the Kenworth, Peterbilt and DAF nameplates.
  • PACCAR also designs and manufactures advanced powertrains, provides financial services and information technology, and distributes truck parts related to its principal business.

2021 Annual Strategy Dossier of Top 7 Medium & Heavy Truck Manufacturers: Daimler, Volvo, MAN, Scania, PACCAR, Navistar, Iveco - ResearchAndMarkets.com

Retrieved on: 
Wednesday, March 31, 2021
General Automotive, Automotive Manufacturing, Manufacturing, Automotive, Engines, Companies, TRATON, Lisle, Illinois, Navistar International, Truck, Paccar, Iveco, Volvo, Scania AB

The "Annual Strategy Dossier - 2021 - Global Top 7 Medium & Heavy Truck Manufacturers - Daimler, Volvo, MAN, Scania, PACCAR, Navistar, Iveco" report has been added to ResearchAndMarkets.com's offering.

Key Points: 
  • The "Annual Strategy Dossier - 2021 - Global Top 7 Medium & Heavy Truck Manufacturers - Daimler, Volvo, MAN, Scania, PACCAR, Navistar, Iveco" report has been added to ResearchAndMarkets.com's offering.
  • The 2021 annual edition of the Strategy Dossier report analyses the overall Strategy Focus and provides Key Insights into the Strategies & Plans being conceptualized & pursued by the Global Top 7 Medium & Heavy Truck Manufacturers for the near to medium term horizon.
  • Further, mass market production & introduction of hydrogen powered trucks across Europe by 2030, too, is in the pipeline under the H2Accelerate initiative by the industry.
  • The report concludes by providing comprehensive market outlook for the global medium & heavy truck market for the medium term with inclusion of demand projections for key geographic markets & regions.

PACCAR Recognizes Top Performing Suppliers in North America

Retrieved on: 
Tuesday, March 23, 2021
Trucking, Automotive Manufacturing, Transport, Manufacturing, Paccar, Supply chain management, Supply chain

Each year, PACCAR recognizes its top performing suppliers in the SPM program.

Key Points: 
  • Each year, PACCAR recognizes its top performing suppliers in the SPM program.
  • The SPM program drives collaboration and continuous improvement between PACCAR and its suppliers, which leads to performance enhancements and product innovations.
  • PACCAR is pleased with the level of engagement from our suppliers in this very rigorous SPM program.
  • Our suppliers create value for PACCAR, its customers and dealers, and their own companies under this program.

PACCAR Recognizes 10 PPM Quality Award Winners

Retrieved on: 
Monday, February 22, 2021
Trucking, Automotive, Other Automotive, Automotive Manufacturing, Transport, Manufacturing, Fleet management, Kenworth, Peterbilt, Paccar, DAF Trucks, ERF, Companies, Economy of the United States, Trucks, Mark Pigott

PACCAR (Nasdaq: PCAR) annually recognizes suppliers who exceed PACCARs 10 ppm quality standard or the equivalent of 10 defective parts for every million components shipped to PACCAR.

Key Points: 
  • PACCAR (Nasdaq: PCAR) annually recognizes suppliers who exceed PACCARs 10 ppm quality standard or the equivalent of 10 defective parts for every million components shipped to PACCAR.
  • For 2020, PACCAR recognizes 369 suppliers in 27 countries on five continents for achieving this high level of quality performance.
  • To achieve 10 ppm status during such a challenging year is a remarkable achievement, said Debra Poppas, PACCAR vice president of global quality.
  • PACCAR relies on excellent suppliers to build industry-leading quality Kenworth, Peterbilt and DAF trucks, said Darrin Siver, PACCAR senior vice president.