Paccar doubles net income
Paccar Inc. chairman & CEO Mark C. Pigott today said that the OEM had its fourth best year in its 98-year history and recorded its 63rd consecutive year of net profitability. Pigott said the company earned $122.2 million for the fourth quarter 2002, compared to $50.4 million for the same period a year ago. Fourth quarter net sales and financial services revenues were $1.9 billion versus $1.5 billion