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LAS VEGAS — Paccar, Daimler and Cummins are nearing a decision on the location of a factory to produce lithium-iron phosphate batteries.

Paccar Inc. posted a 60% jump in third-quarter earnings as parts margins rose and truck sales increased, easily surpassing analyst expectations.

Daimler Truck Holding, Accelera by Cummins and Paccar are investing billions in a joint venture to advance battery cell production in the U.S.

Paccar posted record quarterly income in the three months that ended June 30, beating estimates as profits across some of the company’s divisions reported healthy year-over-year gains.

Paccar Inc. beat market expectations for fourth-quarter earnings Jan. 24, aided by strong demand for its trucks from customers looking to replace older, outdated vehicles.

Paccar said Jan. 19 it is collaborating with Platform Science to integrate its virtual vehicle platform into its trucks.

Paccar Inc. announced it declared an extra cash dividend of $2.80 per share, payable on Jan. 5, 2023, to stockholders of record at the close of business on Dec. 16.

Paccar Inc. announced a recall of 76,490 Peterbilt Motors Co. and Kenworth Truck Co. models citing the 15-inch digital display may freeze and not display critical safety information.

Paccar Inc. announced an increase of 9% in its regular quarterly cash dividend to 37 cents from 34 cents per share.

Paccar Inc. reported record net income and revenue for the second quarter as all segments of its business showed strength.