December 21, 2006, Bellevue, Washington PACCAR is expanding its business in Asia by opening an office in Shanghai, China. The office will open in 2007 and will focus on purchasing production parts for worldwide operations, as well as the sale of PACCAR powertrain components to customers in Asia. The Shanghai office will complement PACCARs existing sales office in Beijing, which has been providing excellent customer support for fifteen years. The rapid development of the highway network in China has generated demand for high-quality, reliable commercial vehicles. The Shanghai office will enable PACCAR to increase its participation in this exciting and important market, said Tom Lundahl, vice president, purchasing.
PACCAR is a global technology leader in the design, manufacture and customer support of high-quality light-, medium- and heavy-duty trucks under the Kenworth, Peterbilt and DAF nameplates. It also provides financial services and information technology and distributes truck parts related to its principal business.
PACCAR shares are listed on NASDAQ Global Select Market, symbol PCAR, and its homepage can be found at www.paccar.com.