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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.

Accelera by Cummins, Daimler Trucks & Buses US Holding and Paccar Inc. on Jan. 18 selected Marshall County, Miss., as the manufacturing site for their planned battery cell joint venture.

LAS VEGAS — Paccar, Daimler and Cummins are nearing a decision on the location of a factory to produce lithium-iron phosphate batteries.

Paccar Inc. posted a 60% jump in third-quarter earnings as parts margins rose and truck sales increased, easily surpassing analyst expectations.

Daimler Truck Holding, Accelera by Cummins and Paccar are investing billions in a joint venture to advance battery cell production in the U.S.

Paccar posted record quarterly income in the three months that ended June 30, beating estimates as profits across some of the company’s divisions reported healthy year-over-year gains.

Paccar Inc. beat market expectations for fourth-quarter earnings Jan. 24, aided by strong demand for its trucks from customers looking to replace older, outdated vehicles.

Paccar said Jan. 19 it is collaborating with Platform Science to integrate its virtual vehicle platform into its trucks.

Paccar Inc. announced it declared an extra cash dividend of $2.80 per share, payable on Jan. 5, 2023, to stockholders of record at the close of business on Dec. 16.