* Washington - After falling 16% this year heavy-duty truck maker PACCAR's stock has been pummeled
-- Until last year, heavy-duty truck sales were going through one of the worst cyclical downturns in more than a decade, before bouncing back with a relatively strong 2014. And since mid-2012, leading heavy-duty truck and tractor maker PACCAR has been on a roll, growing revenue steadily, while sharply increasing earnings per share... Combined with a steady quarterly dividend, and a special yearly dividend it's been able to increase every year since the end of the recession, PACCAR shareholders have done very well over the past several years. But since January, PACCAR shares are down almost 16%, and it's looking more and more like one of the few bargains to be found... The company is exposed to a cyclical industry. So, while it looks to be on an upswing -- and I'm relatively convinced that's going to be the case for the next several years -- it's a stock that will go through cyclical ups and downs. But with solid management, strong market share, and a loyal customer base, PACCAR -- at these valuations -- should make for a solid long-term investment...
(Photo source: Paccar's Peterbilt 579 EPIQ'S. Fuel efficient design is helping drive sales and profits) -- Bellevue, WASH, USA - The Motley Fool - 11 Sept 2015
* Stuttgart - Daimler trucks boss braces for prolonged Brazil slump
-- German truckmaker Daimler is bracing for a prolonged slump in Brazil as shrinking growth in Latin America's largest economy and corruption probes weigh down business... An investigation into state-run oil company Petrobras has paralysed Brazil's construction industry and derailed some oil projects, inflicting damage on the country's embattled economy... Stuttgart-based Daimler said last month it had struck a labour deal with workers at its Brazilian trucks plant in Sao Bernardo do Campo that delayed the planned layoff of 1,500 staff until August 2016... Separately, Bernhard said truck demand in China may plunge between 30 and 40 percent this year as the government there delays infrastructure projects... But solid demand in the United States and Europe, where volume will likely grow as much as 15 percent each, will help Daimler compensate for any lost business, the executive said... Daimler is planning to resume business in Iran following the country's nuclear deal with world powers, Bernhard said. The accord looks likely to be implemented after efforts by U.S. Republicans to kill the agreement collapsed on Thursday...
(Photo by Michael Dalder/Reuter - Daimler's new Mercedes-Benz heavy-duty trucks ''Arocs'' are pictured during their world premiere in Munich January 28, 2013) -- Stuttgart, Germany - Reuter by Jan Schwartz/Andreas Cremer/Mark Potter - 11 Sept 2015Labels: truckmakers news Germany, truckmakers news USA
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