November 1, 2006, Bellevue, Washington Flemish Minister-President Yves Leterme awarded the Commander of the Order of the Crown to PACCAR Chairman and Chief Executive Officer Mark Pigott in recognition of the companys outstanding contribution to the strong growth of DAF in Belgium. Minister-President Leterme commented, PACCAR and DAF are one of the leading companys in Belgium. DAFs commitment towards long-term growth benefiting its employees, customers and the Belgium economy is a remarkable achievement. Mark Pigott shared, It is an honor to accept this recognition on behalf of the 2,000 DAF employees in Westerlo, Belgium, whose dedication and creativity have enabled the company to become a world leader in the commercial vehicle industry.
The superb growth of DAF in the last ten years is a wonderful business success story, shared Mr. Pigott. Emerging from receivership in the early 1990s, DAF has become the industrys technology and quality leader in Europe and has won the prestigious International Truck of the Year Award three times in the last decade the only company to achieve that distinction. PACCAR has invested over $1 billion in DAF to develop a new product range, enhance factory productivity and strengthen its customer support services. DAF is the fastest-growing vehicle manufacturer in Europe and is achieving the best financial returns in the industry.
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.