Paccar, Daimler and Volvo post strong Q3 2014 financials

Jeanne Riot - 19 November 2014

The global truck division of Daimler AG, Paccar and Volvo AB posted strong Q3 2014 financials based on a good run of truck sales in North America and a firm economic environment.

Daimler's truck division reported an increase in operating income from $665 million to $749 million year-on-year in Q3 2014 on good sales of Freightliner and Western Star vehicles. Paccar posted a 20% profit growth year-on-year in the third quarter and cited a stronger freight environment for its customers. As a result Paccar's North American truck factories have increased build rates to meet the strong demand for the company's Kenworth and Peterbilt Class 8 trucks.

Volvo's truck segment quarterly operating income climbed from $258 to $299 million year-on year. Volvo expects to sell 270, 000 heavy-duty trucks on the North American market by the end of this year and forecasts sales of 280,000 trucks for 2015.

You may also be interested in

Leading truck manufacturers to discuss Environmental Protection Agency regulations at DEC USA 2012

Christopher Goodfellow - 18 October 2012

Speakers from Volvo, Cummins, Daimler, Navistar and other truck manufacturers will discuss the U.S. Environmental Protection Agency (EPA) regulations at Integer Research's fifth Diesel Emissions Conference & DEF Forum USA 2012, taking place on October 30-November 1 2012, at The Westin Cincinnati. Tony Greszler, Vice President of...

EPA: Navistar might have been “forced out of market” without fines

Christopher Goodfellow - 19 May 2012

Navistar might have been forced out of the Class 8 truck market had the Environmental Protection Agency (EPA) not permitted the manufacturer continue producing non EPA 2010-compliant engines based on Nonconformance Penalties (NCP). In a briefing on the decision to let Navistar pay fines, the EPA said it was permitted to enforce...

DTNA attributes 2010 Class 8 domination to its BlueTec SCR

Christopher Goodfellow - 26 January 2011

Daimler Trucks North America (DTNA) finished 2010 as market leader in Classes 6-8 and Class 8 segments across the US and NAFTA regions. Martin Daum, President and Chief Executive Officer at DTNA, said: "DTNA benefited from very high customer acceptance of our proven BlueTec emissions technology. We look forward to continued growth, and a...