This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

DAF XF, CF And LF Trucks Powered By PACCAR Engines For The Brazilian Market (Photo: Business Wire)

PACCAR (Nasdaq:PCAR) held an opening ceremony today to launch its new DAF assembly plant in Brasil. The ceremony, led by Mark Pigott, PACCAR chairman and chief executive officer, and Parana Governor, Beto Richa, was attended by state and local officials, DAF Brasil dealers, suppliers, transport companies and business and educational leaders.
DAF Brasil Factory in Ponta Grossa, Brasil (Photo: Business Wire)

DAF Brasil Factory in Ponta Grossa, Brasil (Photo: Business Wire)

“PACCAR is pleased to officially dedicate our new DAF Brasil factory,” said Mark Pigott. “The 300,000-square-foot assembly facility on 569 acres is a high-technology, environmentally friendly plant that will assemble the premium-quality DAF XF, CF and LF vehicles. The factory will build DAF trucks for Brasil and the South American market. Our DAF dealers have invested in the newest and most modern distribution network in the country to support our growing customers.”

“We are proud to be able to drive the first DAF truck made in Brasil,” said Governor Richa. “The $320 million investment by PACCAR reinforces Paraná’s commitment to attract high-quality jobs to the state. This DAF facility will stimulate economic growth and contribute to an improved quality of life in the region.”

DAF’s premium-quality vehicles have achieved industry leadership in Europe. “DAF is the European leader in on-highway tractors and has achieved a market share of 15.8 percent in the above 16-tonne segment this year. Customers appreciate the robust quality leadership, low operating costs and excellent resale value of DAF trucks and PACCAR engines,” said Ron Armstrong, PACCAR president.

“The above six tonnes truck market in Brasil is projected to be over 140,000 units in 2013, with further growth expected in future years,” shared Bob Christensen, PACCAR executive vice president and chief financial officer. “The largest and fastest growing segment of the Brazilian truck market is the premium segment where DAF has launched its flagship model XF-105 vehicle.”

1 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free
AAPL $93.74 0.00%
FB $117.58 0.00%
GOOG $693.01 0.00%
TSLA $240.76 0.00%
YHOO $36.60 0.00%


Chart of I:DJI
DOW 17,773.64 -57.12 -0.32%
S&P 500 2,065.30 -10.51 -0.51%
NASDAQ 4,775.3580 -29.9330 -0.62%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs