Drivers

Paccar Invests In Dealership Network

October 18, 1999

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Paccar, parent company of Peterbilt and Kenworth, has bought stock in the largest network of Peterbilt dealerships in North America.

Paccar is buying nearly a million shares of common stock of Rush Enterprises, based in San Antonio. This will give Paccar about 14% of the company's outstanding stock. Mr. Rush will still be the largest stockholder, with approximately 39%.
Rush Enterprises operates a network of Peterbilt and John Deere dealerships in Texas, California, Oklahoma, Louisiana, Colorado, Arizona, New Mexico and Michigan. The company also recently announced an agreement to sell Dorsey trailers.

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