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Paccar Inc. appointed Preston Feight CEO effective July 1, succeeding Ron Armstrong, the company said in an April 18 news release.

Paccar Inc.’s engine plant in Columbus, Miss., reached a milestone recently by producing its 200,000th MX engine for the North American market.

Paccar Inc. reported record revenue in the fourth quarter and, excluding one-time benefits, higher net income. Annual revenue and net income set records, too, as it delivered 189,100 vehicles worldwide in 2018.

SAN FRANCISCO — Paccar Inc. CEO Ron Armstrong said the trucking industry is moving toward ever-cleaner and more energy-efficient vehicles and will adopt increasingly advanced automated driving technology to assist drivers.

Paccar Inc. reported a 35% jump in net income plus higher revenue for the third quarter as truck deliveries and aftermarket sales drove the results.

Paccar Inc. declared a 12% increase to the regular quarterly cash dividend.

Paccar Inc. notched record quarterly revenue and soaring net income in the first quarter, benefiting from a truck market that continues to climb.

U.S. retail sales of medium-duty trucks climbed 5.4% in December, with only Class 6 volumes dipping from a year earlier, WardsAuto.com reported.

Paccar Inc.’s board has elected Harrie Schippers president, effective Jan. 1. He will also retain his current post of chief financial officer.