PACCAR group earned $378.4 million for the first quarter of 2015, an noted increase of 38% compared to $273.9 million in the first quarter of 2014. First quarter 2015 net sales and financial services revenues of $4.83 billion were 10% higher than the $4.38 billion reported for the first quarter of last year. Armstrong said, “PACCAR’s strong balance sheet and positive cash flow have enabled the company to invest over $3.1 billion in new products and services in the last five years. We are pleased that the Kenworth T880 truck with the PACCAR MX-13 engine was honored as the 2015 Commercial Truck of the Year by the American Truck Dealers. The Kenworth T880 incorporates industry-leading reliability, durability and driver comfort. New Kenworth, Peterbilt and DAF vehicles and investments in PACCAR engines and aftermarket sales and support are contributing to the company’s long-term growth.”
Source: Autobei
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