Paccar Inc.

PACCAR puts charge into electric trucks with infrastructure plan

Kenworth and Peterbilt expect to sell a few hundred electric trucks in coming years. They will account for less than 1% of total revenue for parent PACCAR Inc. (NASDAQ: PCAR). But bundling charging units with the trucks improves the revenue picture dramatically.

“We like to make money in everything we do,” PACCAR CEO Preston Feight said on the company’s third-quarter earnings call Oct. 20. “And that’s our model for electric vehicles (EVs) as well as for anything else we do.”

PACCAR is taking...

https://s29755.pcdn.co/news/paccar-puts-charge-into-electric-trucks-with-infrastructure-plan

Rare air: Kenworth and Peterbilt electric trucks take on Pikes Peak

Kenworth and Peterbilt showed off real-world capability in driving battery-electric and hydrogen-powered fuel cell electric trucks to the 14,115-foot summit of Pikes Peak in Colorado. But a more meaningful lesson came in descending the mountain.

The Kenworth T680 fuel cell electric vehicle and a battery-electric Peterbilt Model 579EV became the first Class 8 zero-emissions vehicles to negotiate grades between 7% and 10% that are part of the 12.42-mile Pikes Peak International Hill Climb course.

Th...

https://s29755.pcdn.co/news/rare-air-kenworth-and-peterbilt-electric-trucks-take-on-pikes-peak

Volvo to begin production of Class 8 electric trucks in December

Volvo Trucks North America (VTNA) will begin building Class 8 VNR Electric models at its New River Valley plant in Dublin, Virginia, in early December, the Volvo Group subsidiary said Thursday.

An undisclosed number of 25 VNR day cabs planned for regional haul and drayage demonstration fleets are being tested in Southern California. They are part of the Volvo Low Impact Green Heavy Transport Solutions (LIGHTS) project. Volvo LIGHTS is a 15-partner cost-sharing program with the California Air...

https://www.freightwaves.com/news/volvo-to-begin-production-of-class-8-electric-trucks-in-december

PACCAR Q3 earnings fall but beat estimate

PACCAR Inc. (NASDAQ: PCAR) earnings per share fell 36.57% year over year to $1.11, which beat the estimate of $0.95. Revenue of $4,538 billion declined by 24.42% from the same period last year, which beat the estimate of $4,410 billion.

PACCAR manufactures medium- and heavy-duty trucks under the Kenworth and Peterbilt brands, which are primarily sold in North America and Australia. Its DAF-branded trucks are sold in Europe and South America. The three brands have 2,200 independent dealers in 103...

https://s29755.pcdn.co/news/paccar-q3-earnings-fall-but-beat-estimate

Kenworth, Peterbilt electric trucks qualify for California rebates

Peterbilt and Kenworth medium-duty electric trucks each qualify for a $95,000 clean truck incentive in California. But there’s a catch. The Hybrid and Zero-Emission Truck and Bus Voucher Incentive Project (HVIP) doesn’t have any money right now.

The PACCAR Inc. (NASDAQ: PCAR) siblings announced inclusion in the HVIP program this week. Workhorse Group (NASDAQ: WKHS) said July 28 that its new C-Series electric delivery van being produced in Union City, Indiana, qualified for the HVIP.

The California...

https://www.freightwaves.com/news/kenworth-peterbilt-electric-trucks-qualify-for-california-rebates

PACCAR moves deliberately on electric and driverless trucks

PACCAR electric truck

PACCAR Inc. (NASDAQ: PCAR) isn’t rushing electric trucks to market. But it says its Kenworth, Peterbilt and European DAF brands will sell them at the right time.

“Our goal is to make sure that we’re in a position to provide our customers the lowest-operating-cost vehicles whenever the market is ready, when there’s infrastructure, when there’s regulation and when the technology is ready,” CEO Preston Feight said Tuesday.

“It’s [the] early days, and we feel like we’re really on top of it, and we’re...

https://s29755.pcdn.co/news/paccar-moves-deliberately-on-electric-and-driverless-trucks

Truck makers push parts online and speed service

Daimler Truck Technician

In trucking, where uptime can be the difference between making or losing money, major truck manufacturers are rolling out digital tools to speed parts ordering, using an app to audibly guide repairs and even arranging to transport trucks needing service.

The one-day repair is a focus of all manufacturers who also are increasingly using over-the-air updates to reprogram sophisticated computer systems without the truck coming to a service center.

24-hour turnaround

Daimler Trucks North America...

https://s29755.pcdn.co/news/truck-makers-push-parts-online-and-speed-service

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