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Paccar Charges a U.K. Parts Center

Published Tuesday, November 02, 2004

Bellevue, WA-based global truck maker Paccar is taking a $33-million charge against fourth quarter earnings this year to open its own in-house aftermarket parts distribution facility in the United Kingdom in support of its DAF truck line. The company is paying RAC GBP $33 million as part of an early termination agreement regarding the distribution of Leyland aftermarket parts to DAF dealers and customers in the U.K. In the future, Paccar said parts will be stored and distributed in its own $20 million facility at Leyland, England. “Beginning in the fourth quarter of 2005, Paccar will establish a ...

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