PACCAR Announces Increased Build Rates

    BELLEVUE, Wash.--July 5, 2001--PACCAR will be increasing its Class 8 truck production build rate of its Peterbilt division by 8%, effective July 16. The company will also be increasing the build rate of its Class 6/7 trucks manufactured at its Ste. Therese, Quebec, facility by 22%, effective August 6. Mark Pigott, PACCAR chairman and CEO, commented, "The build rate increases reflect increasing customer demand for our industry-leading products. Kenworth and Peterbilt medium-duty conventionals have earned the J.D. Power and Associates'(Note A) top honor for the last two years. Kenworth and Peterbilt Class 8 trucks continue to have the highest resale values in North America, which is especially important to our customers during the industry slowdown."
    PACCAR was recently selected by InternetWeek magazine as one of the top 100 e-business companies in North America. This honor compliments PACCAR's recognition by PC Week magazine (1999) as the #1 company utilizing information technology and the selection by Business Week magazine (2000) of PACCAR in its top 50 web-enabled companies. Tom Plimpton, executive vice president, said, "PACCAR has established itself as one of the leading information technology companies in the world and is actively developing innovative telematics and material logistic programs to enhance our customers' performance."
    Mark Pigott added, "PACCAR's 96-year commitment to delivering the best products and services in the industry positions the company strongly for further growth when the North American truck market returns to normal sales levels."