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Apr 28, 2011

TRUCKMAKERS NEWS * USA - Truck Maker Paccar Profit Nearly Triples

Net income rises 183 percent to $193.3 million on 47 percent increase in sales

Bellevue,WA,USA -The Journal of Commerce Online, by William B. Cassidy -Apr 20, 2011: -- Strong heavy-duty truck sales drove first-quarter revenue up 47 percent to $3.28 billion at Paccar. Excluding financial services, net sales were up 53 percent... The manufacturer's net profit soared 183 percent, rising from $68.3 million a year ago to $193.3 million. Higher utilization of truck facilities increased gross margins... Paccar builds and sells Kenworth and Peterbilt trucks in the U.S. and DAF trucks in Europe. The truck brands are sold in other overseas markets as well...


* USA - Recall Alert: 2011 Toyota Tundra Pickup

(Photo: 2011 Toyota Tundra Angular Front Exterior View)
Torrance,CA,USA -The Car Connection -26 April 2011: -- Toyota is announcing a voluntary safety recall for certain 2011 Tundra pickups, based on a rear driveshaft production lot number...  At issue is a slip yoke that may have been improperly cast during the manufacturing process, and Toyota is aware of just one failure to date in a customer owned vehicle. No accidents or injuries have been reported as a result of this condition, and no other Toyota or Lexus vehicles are impacted by the recall...  Toyota says while approximately 51,000 Tundra pickups will be recalled, less than five one-hundredths of a percent are expected to have the potentially defective part....

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