Welcome to our dedicated page for Paccar news (Ticker: PCAR), a resource for investors and traders seeking the latest updates and insights on Paccar stock.
PACCAR Inc. designs, manufactures and supports light-, medium- and heavy-duty trucks under the Kenworth, Peterbilt and DAF nameplates. Company news commonly covers truck demand, production backlog, financial results, dividends, supplier performance, and the roles of PACCAR Parts and PACCAR Financial Services in aftermarket support and customer and dealer financing.
Updates also describe advanced powertrains, transportation technology, parts distribution centers, TRP all-makes parts and stores, dealer support, and regulatory developments affecting commercial trucks. Recurring announcements connect the truck brands with parts logistics, financial services and customer uptime across the company’s principal transportation business.
PACCAR (Nasdaq: PCAR) has partnered with Aurora to develop, test, and commercialize autonomous trucks under the Peterbilt and Kenworth brands. This strategic agreement aims to integrate PACCAR’s autonomous vehicle platform with Aurora's self-driving technology, enhancing safety and operational efficiency for customers. The initiative includes vehicle validation at PACCAR’s Technical Center and deployment in North America over the coming years. PACCAR CEO Preston Feight noted Aurora's industry-leading technology, while Aurora's Chris Urmson praised PACCAR’s engineering and manufacturing capabilities.
PACCAR Financial Corp. is shifting its 1.650% Senior Notes due August 11, 2021 from the New York Stock Exchange to the Nasdaq Bond Exchange. This transition will take effect on December 21, 2020, after market close, with trading on Nasdaq commencing December 22, 2020. The move aims to consolidate PACCAR's debt listings under a single exchange, aligning it with PACCAR Inc.'s equity listings. The relevant details including CUSIP 69371RN44 and trading symbol PCAR21 are officially recognized.
PACCAR (Nasdaq: PCAR) announced a quarterly cash dividend of $0.32 per share, payable on March 2, 2021, to stockholders of record by February 9, 2021. Additionally, an extra cash dividend of $0.70 per share will be paid on January 6, 2021, for stockholders of record by December 18, 2020. PACCAR continues to provide substantial returns to shareholders, with dividends totaling about 50% of net income over the years. The company forecasts strong market recovery in truck demand across North and South America and Europe for 2021.
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PACCAR (Nasdaq: PCAR) announced that its Kenworth T680 fuel cell electric vehicle and Peterbilt Model 579EV have successfully reached the summit of Pikes Peak, marking a milestone for Class 8 zero-emissions vehicles. With a stunning 470 hp and 350-mile range, the Kenworth T680 completed the climb with a 15-minute refill time. The Peterbilt Model 579EV, featuring 670 hp and a range of up to 150 miles, demonstrated outstanding performance during extensive validation, highlighting PACCAR's commitment to fuel cell and electric vehicle technology.
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