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PACCAR Achieves Excellent Quarterly Revenues and Profits

Retrieved on: 
Tuesday, April 26, 2022
Automotive Manufacturing, Aftermarket, Automotive, Manufacturing, Other Transport, Trucking, Transport, Other Automotive, General Automotive, Logistics, Supply Chain Management, Fleet Management, Capital expenditure, 579, Webcast, Christian democracy, Nasdaq, PFS, Population, U.S. Securities and Exchange Commission, Security (finance), Research, Technology, Interest, DAF XF, PDC, Private Securities Litigation Reform Act, PCAR, Investment, Uncertainty, PACCAR, Efficiency, DAF, ADAS, TRP, Semiconductor, Income, XG, XF, Multimedia, Industry, Heavy equipment, Taxicab, Video game, Renewable energy, Commercial property, Rail freight transport, Kenworth, Amazon, Peterbilt

PACCAR reported excellent revenues and net income for the first quarter of 2022, said Preston Feight, chief executive officer.

Key Points: 
  • PACCAR reported excellent revenues and net income for the first quarter of 2022, said Preston Feight, chief executive officer.
  • PACCAR Parts achieved record quarterly sales and profits as its outstanding operational performance enhanced uptime for customers.
  • PACCAR Financial Services delivered record profitability due to excellent portfolio quality, strong new business volume and high used truck prices.
  • Laura Bloch, PACCAR vice president and PACCAR Parts general manager, said, Customers increased truck utilization and higher average fleet age contributed to PACCAR Parts record results.

PACCAR Exhibits Innovative Electric, Connected and Autonomous Trucks at CES 2022

Retrieved on: 
Tuesday, January 4, 2022
Environment, Alternative Vehicles, Fuels, Trucking, Automotive, General Automotive, Transport, Automotive Manufacturing, Manufacturing, Performance & Special Interest, Safety, 579, Transport, Peterbilt, Convention center, CES, Information technology, Efficiency, DAF, Partnership, Navistar International, Connect, Technology, Solution, Industry, Rail transport, Renewable energy, Kenworth, PACCAR

PACCAR leads the industry in electric, connected and autonomous commercial vehicles, and is exhibiting three vehicles with these innovative technologies at CES, the worlds largest showcase for technological innovation.

Key Points: 
  • PACCAR leads the industry in electric, connected and autonomous commercial vehicles, and is exhibiting three vehicles with these innovative technologies at CES, the worlds largest showcase for technological innovation.
  • The Kenworth T680E battery electric truck demonstrates PACCARs commitment to providing zero-emission commercial vehicles for its customers.
  • The industry-leading technologies in the new Peterbilt trucks will deliver improved productivity to our customers, said Jason Skoog, Peterbilt general manager and PACCAR vice president.
  • We are delighted to return to CES to showcase PACCARs innovative electric, connected and autonomous trucks, added Rich.

Aurora Closes Business Combination with Over $1.8 Billion in Gross Proceeds and Cash on Hand

Retrieved on: 
Wednesday, November 3, 2021
Fleet Management, Automotive, Trucking, Automotive Manufacturing, Logistics, Supply Chain Management, General Automotive, Transport, Manufacturing, Slate, Safety, Sequoia Capital, Sullivan & Cromwell, PACCAR, MI, American, Press release, Acquisition, Engineering, Partner, Volvo, Transport, Sienna, Machine learning, Skadden, Company, Wilson Sonsini Goodrich & Rosati, Goldman Sachs, Artificial intelligence, AUR, CPP Investment Board, OEM, XN, Perception, FedEx, Peterbilt, SEC, Technology, Times Square, Morgan Stanley, Oliver Cromwell, Wixom, Michigan, Growth, Nasdaq, Entrepreneurship, National Partnership for Reinventing Government, PIPE, San Francisco Bay Area, Uber, P.C, Software, Forward-looking statement, 579, Forecasting, Index Ventures, Rail transport, Financial adviser, Taxicab, Risk management, Aurora, Reinvent Technology Partners Y, AURORA, REINVENT TECHNOLOGY PARTNERS Y

Aurora plans to launch its autonomous commercial trucking business Aurora Horizon by late 2023 , followed by its driverless ride-hailing business, Aurora Connect, in 2024.

Key Points: 
  • Aurora plans to launch its autonomous commercial trucking business Aurora Horizon by late 2023 , followed by its driverless ride-hailing business, Aurora Connect, in 2024.
  • Aurora expects to have driven the equivalent of over 9 billion simulated miles by the end of the year 6 billion of these in 2021 alone.
  • Aurora continues to scale up its Virtual Testing Suite, running millions of daily tests to rapidly add capabilities to the Aurora Driver.
  • To memorialize the completion of the business combination, Aurora will ring the opening bell at Nasdaq at 9:30 a.m.

Aurora Makes Major Progress in 2021 Toward Commercializing Self-Driving Technology

Retrieved on: 
Friday, October 22, 2021
Technology, Automotive, Transportation, General Automotive, Travel, Trucking, Semiconductor, Engineering, Transport, Automotive Manufacturing, Other Technology, Logistics, Supply Chain Management, Manufacturing, Software, Hardware, Performance & Special Interest, Fleet Management, Safety, Engineering, Length, Technology, Sequoia Capital, Ecosystem, Interstate Highway System, Industry, Aircraft, Safety management system, OEM, San Francisco Bay Area, Partnership, Partner, Uber, Perception, FedEx, NASDAQ, Transport, Sienna, Peterbilt, Machine learning, SPAC, Original equipment manufacturer, AV, PACCAR, MI, Software, Wixom, Michigan, Radar, American, 579, Forecasting, Solution, Nasdaq, Acquisition, Volvo, AUR, Food delivery, Taxicab, Sales, Ridesharing company, Rail transport

In 2021 alone, the company has made major advancements toward delivering its vision for how self-driving technology comes to market.

Key Points: 
  • In 2021 alone, the company has made major advancements toward delivering its vision for how self-driving technology comes to market.
  • Aurora believes there is no stronger ecosystem of partnerships to bring this technology to market in the AV industry.
  • Aurora continues to scale up its Virtual Testing Suite, running millions of daily tests to rapidly add capabilities to the Aurora Driver.
  • As Aurora refines its technology in advance of planned commercial deployment in 2023, it will continue to progress with both customers and partners.