Re: big layoff at Renton truck manufacturer Paccar
Posted:
Fri Nov 14, 2008 1:21 pm
by WestSideBilly
Trucks are very cyclical to begin with, and 2005-2006 were flagship years as every major fleet bought pre-2007 emissions models. Everyone in the industry knew 2007-2010 were going to be bad, no matter what the general economy did.
Also, Paccar also has Peterbilt (in Texas) and DAF (Europe), so this isn't pure capitulation.