Paccar expansion plans

At a recent Investor Event in the US, Paccar talked about its intentions to expand its operations around the world and into new areas. The US business media speculated that this series of announcements is a precursor to an initiative to raise more funds to finance further expansion in the coming years.

At the meeting Paccar declared its intention to expand in emerging markets. The DAF brand is to be expanded in Brazil. This will require increasing manufacturing capacity in the country due to the stiff tariff barriers the government sets up to imported trucks.

The company is also talking about linking up with a joint-venture partner in China and its intention to introduce a new transmission under the Paccar name. The new transmission is likely to be a ZF gearbox branded by Paccar.

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