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Paccar in strong position to weather any diesel testing impact

Paccar is continuing with its share repurchase programme and remains on solid footing from a credit rating perspective, which should stand it in good stead if there is any fallout from the VW emissions testing situation

Paccar is continuing with its share repurchase programme and the board of directors has given its approval for the repurchase of an additional US$300m of outstanding common stock. This follows closely on the heels of a recently completed US$300m share repurchase programme. Company Chief Executive Ron Armstrong said the programme "reflects the board’s confidence in Paccar’s successful global business growth.”

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