Paccar Q1 Profit Dives on Demand Slump, European Charge
Kenworth and Peterbilt’s parent company cut its expectations for U.S. Class 8 retail sales by 5.7% as a result of the dive in demand. (Peterbilt) Paccar Inc. profit halved year over year in the first quarter of 2025 on the back of a slump in sales and a charge against earnings. Kenworth and Peterbilt’s parent ...more