14.52%QQQQ 35.13 12.16%XLF 16.28 7.81%
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BELLEVUE, Wash. - Heavy truck maker Paccar Inc. said Tuesday that it will increase production at its Netherlands-based DAF Trucks division by 5 percent in September to accommodate strong customer demand.
| PCAR | 31.73 |  2.96 |
Paccar said it expects European truck markets to set new registration records this year. Furthermore, Paccar's new parts distribution center in Hungary has begun service to dealers and customers in Central Europe, the company said.
Paccar shares rose $1.33, or 3.2 percent, to $42.60 in afternoon trading.
Investor Julian Roberts believes the poor economy could last as long as 10 to 15 years, according to CNBC.
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