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Paccar's Sales, Earnings Climb
Paccar Inc. reported significant increases in sales and net income for the third quarter and first nine months of 2003 compared to the previous year, driven by strategic investments in European truck operations, parts distribution, and manufacturing facilities. CEO Mark C. Pigott highlighted the company’s strong performance and market share gains in North America, attributing success to ongoing capital investments and superior product quality amidst competitors’ challenges.