Truck Makers Report Efficiency Countered Class 8 Sales Slump
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Before that, Paccar said it had invested about $225 million in improvements to subsidiary DAF Trucks’ tooling and truck-production facilities in Europe.
ruck makers DaimlerChrysler AG, Paccar Inc., and Volvo AB said in their latest earning reports they relied on improvements in their financial services and better efficiency to fight a continuing slump in Class 8 truck sales.
But Paccar said the extent of its capital investments helped differentiate it from its competitors.
Paccar has almost completed an 80,000-square-foot expansion of its parts distribution center in Atlanta and has opened a 100,000-square-foot parts distribution center overseas in Leyland, U.K., the company said Oct. 21 in its earnings report.
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