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Dec 5, 2007

TRUCKMAKERS' NEWS * USA

* 10,000 Electric Trucks Per Year to be Built in USA - Smith Electric Vehicles is to establish a major production facility in the USA

London,UK -TNN -4 Dec 2007: -- The factory will have the capacity to produce up to 10,000 zero emission vehicles per year, from 2010... Smith manufactures a range of highway electric vehicles, ranging from 7,000lbs vans to 25,000lbs trucks. With a top speed of 50mph, fast acceleration and a range on one battery charge of up to 150 miles, they are deployed largely in urban delivery applications, in sectors including mail and parcel, groceries, retail/distribution and utilities...Darren Kell, CEO of The Tanfield Group Plc, the $1bn company that owns Smith Electric, said: “Electric vehicles offer a next-generation automotive industry for America... Smith Electric already has a 70,000sq ft facility in Fresno, CA, which has the capacity to produce 1,000 vehicles next year. It has a 250,000sq ft facility in the UK which has headroom for 1,500 vehicles in 2008, but the company is also looking for a larger UK base to take this up to 5,000 vehicles per annum, for the UK and Europe...



* PACCAR Announces Extra Cash Dividend and Quarterly Dividend
Bellevue,Wash,USA -BUSINESS WIRE -December 04, 2007: -- PACCAR Inc’s Board of Directors today declared an extra cash dividend in the amount of one dollar ($1.00) per share, payable on January 7, 2008, to stockholders of record at the close of business on December 18, 2007... PACCAR’s quarterly dividend has increased an average of 20 percent per year during the last decade. The company will deliver over $1 billion to its stockholders in 2007 from the repurchase of 7.0 million shares plus the extra and quarterly dividends... ( Photo: Business Wire - Peterbilt Motors earned top honors for customer satisfaction in the medium duty vehicle category from J.D. Power & Associates)

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