OEM earnings reports roundup: Daimler, Paccar, Volvo all see sales decline

April 26, 2013

As earnings reports for the first quarter of the year roll in — with mixed outcomes — three large North American truck and engine manufacturers saw either their profits, sales or earnings.

Paccar — parent company of Peterbilt and Kenworth — announced a decline in sales leading to a 28 percent drop in earnings.