PCAR - Leadership updates

MOLINE, Ill., Nov. 1, 2024 /PRNewswire/ -- Deere & Company (NYSE:DE) today announced the appointment of R. Preston Feight to the company's board of directors. He currently serves as chief executive officer of PACCAR Inc (NASDAQ:PCAR), a Fortune 500 company and a global technology leader in the design, manufacture, and customer support of high-quality light-, medium-, and heavy-duty trucks under the Kenworth, Peterbilt, and DAF nameplates. Feight's leadership at PACCAR has been characterized by pioneering advancements in engineering, manufacturing, aftermarket, and financial se

Accelera™ by Cummins, the zero-emissions business segment of Cummins Inc. (NYSE:CMI), Daimler Trucks & Buses US Holding LLC [a Daimler Truck Group Company; DAX: DTR0CK; "Daimler Truck"] and PACCAR (NASDAQ:PCAR) have selected Marshall County, Mississippi, as the future site of advanced battery cell manufacturing for their planned joint venture. The joint venture will localize battery cell production for commercial electric vehicles and is expected to create more than 2,000 U.S. manufacturing jobs, with the option for further expansion as demand grows. The 21-gigawatt hour (GWh) factory is expected to begin producing battery cells in 2027. The planned joint venture between Accelera, Daimler