Paccar News Updates

Jake Montero will become the top executive at Peterbilt, replacing Jason Skoog, who had held the general manager position since March 2018.

The Bellevue, Wash.-based truck maker posted a profit of $872 million or $1.66 per diluted share in the fourth quarter of 2024, down 38.5% compared with $1.42 billion, $2.70, in 2023.

PacLease opened 28 franchise locations across North America in 2024 and expects a buoyant 2025 for the segment, the Paccar Inc. subsidiary said.

Paccar Inc.’s profit in the third quarter fell as the truck market continues to normalize, but still beat analyst expectations.

Paccar Inc. profits fell in the second quarter of 2024 on the back of sagging European truck sales and lower parts and financial services divisions profits.

The Paccar Technical Center continues to grow in size and head count, some 42 years after the Mount Vernon, Wash., facility began operations, according to its top executive.

Construction of Amplify Cell Technologies’ battery cell manufacturing plant in Marshall County, Miss., has begun, the joint venture among Accelera, Daimler Trucks and Paccar said.

Kel Kearns is slated to be the CEO at the commercial vehicle battery cell manufacturing joint venture set up by Accelera by Cummins, Daimler Trucks & Buses U.S. Holding and Paccar Inc.

Profits at Paccar Inc. surged 63.5% in the first quarter of 2024, outstripping analysts’ expectations.

Truck maker Paccar saw profits jump 54% year-over-year in the fourth quarter of 2023 on the back of record revenues and a double-digit jump in U.S. and Canadian truck deliveries.