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Peterbilt Achieves New Labor Agreement

24 November 1998

Peterbilt Achieves New Labor Agreement

    NASHVILLE, Tenn.--Nov. 24, 1998--Peterbilt Motors Company announced today that it has reached agreement on a new four-year labor contract for its Nashville facility with the United Auto Workers (UAW) Local 1832.
    "We are certainly pleased that our employees will be returning to work. We believe the agreement will enhance the factory's operating efficiencies, while providing an excellent benefit package for our Peterbilt employees," said Joe Scattergood, Peterbilt Nashville plant manager.
    "We are also very appreciative of the support of our dealers and customers around the country. Given the labor agreement and recent capacity increases at both Denton and Nashville, Peterbilt looks forward to increasing production to meet market demand," added Nick Panza, Peterbilt general manager.
    Peterbilt Motors is a division of PACCAR Inc , a leader in the design, development and manufacture of high quality light-, medium- and heavy-duty trucks. This year, PACCAR expects to sell more than 90,000 trucks worldwide under the Kenworth, Peterbilt, DAF and Foden nameplates. It also provides financial services and distributes truck parts related to its principal business. In addition, the Bellevue, Washington-based company manufactures industrial winches and sells general automotive parts and accessories through its retail outlets.
    PACCAR shares are traded on the Nasdaq Exchange, symbol PCAR, and its homepage can be found at www.paccar.com.