PACCAR Establishes New Technology Centers
Commercial Vehicle Market Impacted by Lower Freight
16/03/2009 Bellevue, Washington
PACCAR recently launched innovative product and technology centers at its
Kenworth, Peterbilt and DAF manufacturing facilities.
These interactive showplaces demonstrate PACCAR’s extensive
leading-edge technology innovations, as well as its range of engines, customer
services and the full suite of PACCAR vehicles. “The new PACCAR Technology
Centers include interactive platforms featuring exciting surface technology,
product demonstrations and the latest concepts for in-dash and in-cab electronic
applications,” said Jim Cardillo, president. “PACCAR
Financial, PacLease, PACCAR Parts, PACCAR Winch and Dynacraft displays
illustrate the applied technology developed by each division to generate
operational benefits for our customers. These new Centers
provide tremendous insight into PACCAR’s technology and quality leadership, as
well as PACCAR’s ongoing investment in new product and service
innovation.”
“The challenging recession continues to impact our customers
in North America and Europe,” said Tom Plimpton, vice chairman. “We have implemented build rate reductions and temporary plant shutdowns
in the first quarter of 2009 to balance lower market demand. Truck segment gross revenues are expected to be approximately 30 percent
lower this quarter, compared with the fourth quarter of 2008. The lower build rates and margins are expected to continue until freight
improves and the general economy begins to recover. PACCAR is
rigorously reducing operating expenses and capital expenditures to align our
business with the current market.”
PACCAR Technology
Center
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. It also provides financial services and
information technology and distributes truck parts related to its principal
business. PACCAR shares are traded on the Nasdaq Global Select
Market, symbol PCAR, and its homepage is www.paccar.com.