The chief executives of some of the largest U.S. chip manufacturing companies urged Congress to pass legislation that includes $52 billion in incentives for their industry, calling it “essential” to maintaining competitiveness with China and other countries.

Paccar Inc. reported fourth-quarter net income rose 26% and revenue increased by about $1 billion compared with a year earlier.

LAS VEGAS — Paccar Inc. and self-driving technology company Aurora showcased one of their autonomous trucks during CES 2022 on Jan. 6.

Paccar Inc. reported mixed results with lower net income and higher revenue in the third quarter as undelivered new trucks stacked up but its parts segment notched record revenue.

Aurora Innovation Inc., Paccar Inc. and FedEx Corp. launched a commercial pilot of autonomous trucking in Texas.

WASHINGTON — After years of working with emerging technologies in the automotive sector, Paccar Inc.’s new chief technology officer sees a similar transformation unfolding in the commercial truck market.

Paccar Inc. reported second-quarter earnings and revenue soared compared with a year earlier amid improved truck deliveries, and record performance at its parts and financial service segments.

Peterbilt Motors Co. announced two new medium-duty box truck models — the 535 and 536 — aimed at the lease and rental segment; and two other models — the 537 and 548 — intended for the vocational “Class 7/8 market” that allow for multiple body builder integrations.

Kenworth Montreal Group has opened full-service location in Mirabel, Quebec, to keep up with a growing local economy and the service needs of customers.

Paccar Inc. posted lower fourth-quarter net income and revenue while achieving record quarterly parts revenue and notching its record market share for medium-duty vehicles sold in the U.S. and Canada.