Max Liss's questions to Paccar Inc (PCAR) leadership • Q4 2024
Question
Max Liss requested more detail on the European truck market, including country-specific trends and capacity utilization for DAF. He also asked if the backlog coverage in Europe was similar to the group average.
Answer
CEO Preston Feight and President and CFO Harrie Schippers described the European market as experiencing slight growth, with Central and Eastern Europe remaining softer than Western Europe. Schippers noted DAF's capacity utilization is 'good,' and Feight added that they continue to invest in efficiency and have capacity for growth. Schippers confirmed that the backlog coverage in Europe is in line with the total group.