Mark Pigott Remains Executive Chairman of the Board
PACCAR Inc announced today that its Board of Directors has elected Ronald E. Armstrong as chief executive officer (CEO) and Mark C. Pigott as executive chairman of the Board of Directors, effective April 27, 2014.
The 2,000th locally assembled DAF CF85 truck has rolled off the production line at FASC - the Formosa Automobile Sales Corporation - in Taiwan. DAF has been active in Taiwan since 2006 and is the market leader amongst the European brands.
Waberer’s International Pte.Co. one of Europe’s largest road freight companies , has ordered 600 DAF tractors as part of a comprehensive fleet renewal program.
DAF Trucks Begins Production in Brasil
“PACCAR reported good quarterly revenues and net income for the third quarter of 2013,” said Mark Pigott, chairman and chief executive officer. “Higher truck deliveries, record aftermarket parts sales and financial services pretax profits contributed to increased earnings. Our customers in North America are benefiting from higher fleet utilization and record freight tonnage, which are driving industry fleet replacement. I am very proud of our 22,700 employees who have delivered industry-leading products and services to our customers worldwide.”
PACCAR held an opening ceremony today to launch its new DAF assembly plant in Brasil. The ceremony, led by Mark Pigott, PACCAR chairman and chief executive officer, and Parana Governor, Beto Richa, was attended by state and local officials, DAF Brasil dealers, suppliers, transport companies and business and educational leaders.
Robust, powerful, efficient and developed for maximum durability
DAF is launching the new Euro 6 CF Construction, specially developed for applications in the building and construction industry that require regular off-road driving. The CF Construction features an increased approach angle and high ground clearance for good off-road capabilities and numerous clever details for maximum availability, low operating costs and class-leading ease of use. The sturdy styling elements on the CF Construction also give the new LF Construction an individual appearance.
PACCAR Financial Services Achieves Record First Half Pretax Income
“PACCAR reported good revenues and net income for the second quarter of 2013,” said Mark Pigott, chairman and chief executive officer. “PACCAR’s second quarter results reflect the benefits of gradually improving truck sales and strong aftermarket parts and financial services results worldwide. I am very proud of our 22,000 employees who have delivered excellent results to our shareholders and customers.”
For DAF's continued growth in Europe and the introduction of Euro 6
PACCAR Parts has opened its new state-of-the-art PACCAR Parts Distribution Center (PDC) in Eindhoven. The new parts distribution centre has a surface area of 26,000 m², can store over 65,000 different truck parts and will play an important role in the continued growth of DAF Trucks in the European market. The construction of the new PDC involved an investment of around €30 million.
The DAF XF105 ATe has been voted ‘Fleet Truck of the Year’ at the prestigious ‘Motor Transport Awards 2013’ in London, giving DAF its fifth win in the last six years. DAF was handed the award at an official ceremony in London, which was attended by 1,600 leading representatives from the transport sector.
On Friday May 17, the Prime Minister of Belgium, Elio Di Rupo, paid a working visit to the ultra-modern DAF axle and cab factory in Oevel (Westerlo). DAF invested about one billion Euros in a completely new vehicle series for Euro 6 and in modifications to its factories in the Netherlands and Belgium to make production of the new generation of trucks possible. Prime Minister Di Rupo came to DAF Trucks Flanders to inform himself of the many innovations in the modern axle and cab plant.