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Amplify Cell Technologies, a joint venture between Accelera, Daimler Trucks & Buses US Holding LLC and PACCAR, recently broke ground at its new battery cell manufacturing plant in Marshall County, Mississippi. The 500-acre site will be home to a two million square-foot, energy efficient facility with an annual manufacturing capacity of 21-gigawatt hours for the production of lithium-iron-phosphate battery cells. Amplify plans to begin battery cell production in 2027 and is expected to create more than 2,000 U.S. manufacturing jobs. “I am thrilled to be here with so many of our partners to break ground on this new battery cell manufacturing facility in Marshall County,” said Kel Kearns, CEO of Amplify Cell Technologies. “United in the mission to decarbonize our highways and interstates, our founding partners are making a serious commitment. Marking the start of construction on site signifies this collective effort, and together we will lead the transformation of the commercial transportation industry.” Leaders from Accelera, Daimler and PACCAR were joined by State of Mississippi Governor Tate Reeves, U.S. Senator Cindy Hyde-Smith, and local officials to celebrate the groundbreaking. The new facility will produce LFP battery cells, a cell chemistry chosen for its durability and cost-effectiveness. This initiative will localize the battery supply chain, making it more robust and responsive to the needs of the growing electric commercial vehicle market in North America.
Accelera by Cummins, Daimler Truck and PACCAR Complete Battery Joint Venture Transaction to Form Amplify Cell Technologies and Name New CEO PACCAR, alongside Accelera by Cummins and Daimler Truck North America is proud to announce we have completed the formation of our battery cell joint venture - Amplify Cell Technologies. Amplify will soon begin construction of a 21-gigawatt hour (GWh) factory in Mississippi to localize battery cell production and manufacturing in the United States. We also welcome Kel Kearns as the new Chief Executive Officer of Amplify. Under his leadership, the joint venture will produce battery cells that create value for commercial vehicle customers in North America. Read the full press release to learn more about Amplify Cell Technologies: https://www.paccar.com/news/current-news/2024/accelera-by-cummins-daimler-truck-and-paccar-complete-battery-joint-venture-transaction-to-form-amplify-cell-technologies-and-name-new-ceo/
PACCAR is thrilled to receive a 2024 Handshake Early Talent Award for the second year in a row! This award honors employers with best-in-class talent engagement and celebrates the top places for Gen Z to start a career. We are excited to make the list! Congratulations to our recruiting team for their active talent outreach, and to the interns and students who are launching their careers at PACCAR! Read more about how PACCAR is an employer of choice with the Gen Z: https://joinhandshake.com/early-talent-awards/2024/paccar/
PACCAR Achieves Record Annual Revenues and Net Income Business Highlights – 2023 • PACCAR earned its 85th consecutive year of net income. • PACCAR delivered a record 204,200 vehicles worldwide. • PACCAR announced a joint venture with Cummins, Daimler Truck and EVE Energy to manufacture commercial vehicle battery cells in the United States. • Peterbilt Denton and Kenworth Chillicothe factories each celebrated producing their 750,000th truck. • DAF opened a new electric truck assembly plant in Eindhoven, Netherlands. • The DAF XF truck earned the Green Truck 2023 award and the European Transport Award for Sustainability. • PACCAR Parts began construction of a new Parts Distribution Center in Massbach, Germany. • PACCAR was honored as a 2023 Top Company for Women to Work for in Transportation, by the Women in Trucking Association. Financial Highlights – Fourth Quarter 2023 Highlights of PACCAR’s financial results during the fourth quarter of 2023 include: • Record consolidated revenues of $9.08 billion. • Record net income of $1.42 billion. • PACCAR Parts revenue of $1.61 billion. • PACCAR Parts pretax income of $432.4 million. • PACCAR Financial Services pretax income of $113.0 million. • Cash provided by operations of $1.19 billion. See more details from the company page: https://investors.paccar.com/financial-news/news-details/2024/PACCAR-Achieves-Record-Annual-Revenues-and-Net-Income/default.aspx
Women In Trucking Association Names 2023 Top Companies for Women to Work For in Transportation “PACCAR has been recognized as a 2023 Top Company for Women to Work For in Transportation by Redefining the Road, the official magazine for the Women in Trucking Association,” said Brian Everett, Group Publisher and Editorial Director. “This organization has demonstrated that it places a significant importance on gender diversity as part of its business strategy and is to be commended for the work in diversity that it is doing. Organizations recognized on this impressive list have proven they are supportive of gender diversity by accommodating family and work balance; offering competitive compensation, benefits, and professional growth; and providing career advancement opportunities. PACCAR is commended for earning this award.” PACCAR Brands named to the 2023 “Top Companies for Women to Work For in Transportation” list are: Dynacraft Kenworth PACCAR PACCAR Leasing Co. PACCAR Parts Peterbilt Motors Co.
“PACCAR achieved record net income for the third quarter of 2023,” said Preston Feight, chief executive officer. “PACCAR’s third quarter results reflect excellent Truck, Parts and Other gross margins of 19.5% and strong PACCAR Parts profits. PACCAR’s investments in innovative new DAF, Kenworth and Peterbilt trucks and enhanced manufacturing efficiency are benefiting truck owners’ operating performance and delivering strong financial results." Financial Highlights – Third Quarter 2023 • Net sales and revenues of $8.70 billion. • Record net income of $1.23 billion. • Truck, Parts and Other gross margins of 19.5%. • Global truck deliveries of 50,100 units. • PACCAR Parts revenues of $1.58 billion. • PACCAR Parts pretax income of $412.3 million. • PACCAR Financial Services pretax income of $133.8 million. • Cash generated from operations of $1.34 billion. • Stockholders’ equity of $16.0 billion. Financial Highlights – Nine Months 2023 • Net sales and revenues of $26.05 billion. • Net income of $3.18 billion. • PACCAR Parts pretax income of $1.27 billion • PACCAR Financial Services pretax income of $427.3 million. • Capital investments of $486.5 million and R&D expenses of $302.0 million. • Cash generated from operations of $3.00 billion. See more details from the company page on global truck markets, Peterbilt new model 589 truck, revenues and pretax profits of PACCCAR Parts and PACCAR Financial, battery joint venture, capital investment, research and development.
PACCAR is recognized as one of America’s Greatest Workplaces 2023 by Newsweek Group by conducting a large-scale employer study based on over 389,000 company reviews! This award recognizes PACCAR’s positive impact to delivering a supportive, progressive, and motivative work culture. “How do you find a great workplace—one that treats employees respectfully, pays them fairly, provides training and advancement opportunities, and supports a healthy work-life balance? Newsweek and market-data research firm Plant-A Insights are proud to introduce “America’s Greatest Workplaces 2023,” highlighting companies that are committed to offering a positive working environment.” – Nancy Cooper – Global Editor in Chief – Newsweek Explore career opportunities at PACCAR today! https://jobs.paccar.com/
PACCAR to Newsweek’s America’s Greatest Workplaces for Women 2023 This award recognizes PACCAR's impact and commitment to providing a diverse and best workplace for women! PACCAR is recognized as one of America’s Greatest Workplaces for Women 2023 by Newsweek and Plant-A Insights Group. Newsweek and Plant-A Insights Group recognized the America’s Greatest Workplaces for Women in the United States, by conducting a large-scale employer study based on over 224,000 company reviews. “Women face unique challenges in the workplace. These challenges can range from unequal pay and a lack of representation in leadership positions, to discrimination and sexual harassment. Raising awareness of inequities in the workplace is the first step toward rectifying them. And it's equally important to highlight those companies that are leading the way. To that end, Newsweek and market data research firm Plant-A Insights are proud to introduce "America's Greatest Workplaces 2023 For Women." – Nancy Cooper – Global Editor in Chief – Newsweek
PACCAR is honored to win a 2023 Handshake Early Talent Award! The Early Talent Awards celebrate the top employers for Gen Z careers. We’re excited to celebrate this award all year and to continue leading a program Gen Z finds engaging, meaningful, and best-in-class! Congratulations to the whole PACCAR team and to the interns and students who are launching their careers at PACCAR. PACCAR is proud to be included in the ranking of America's Best Workplaces for Women 2023! The list includes large American companies that ranked the highest on criteria's such as "compensation and benefits," "work-life balance" and "proactive management of a diverse workforce." More information on the research can be found here: https://www.newsweek.com/rankings/americas-greatest-workplaces-women-2023 We are also partnering with Diversity Job, all of our jobs are posted with them. For more information about career opportunities at PACCAR, please visit our career site: https://jobs.paccar.com/
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