PACCAR and Aurora Form Strategic Partnership to Develop Autonomous Trucks

BELLEVUE, Wash.--(BUSINESS WIRE)--Jan 19, 2021--

PACCAR (Nasdaq: PCAR) and Aurora have signed a global, strategic agreement to develop, test and commercialize autonomous Peterbilt and Kenworth trucks. This collaboration will integrate PACCAR’s autonomous vehicle platform with the Aurora Driver to enhance the safety and operational efficiency of PACCAR’s customers.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20210119006028/en/

Autonomous Peterbilt 579 Test Vehicle with Aurora Driver (Photo: Business Wire)

In the strategic partnership, PACCAR provides autonomous-enabled vehicles with industry-leading quality, durability and reliability resulting from decades of engineering excellence and manufacturing investments, as well as aftermarket parts distribution, finance and other transportation solutions. Aurora provides industry-leading self-driving technology, including hardware, software and operational services. Both partners will work closely together on all aspects of the collaboration, from component sourcing and vehicle technology to the integration of the Peterbilt and Kenworth vehicles with the Aurora Driver. The partnership also includes vehicle validation at the PACCAR Technical Center and production support in PACCAR factories.

The goal of this collaboration is to improve freight efficiency and safety for PACCAR’s customers. Kenworth T680 and Peterbilt 579 trucks utilizing the Aurora Driver are expected to be deployed in North America in the next several years.

“PACCAR looks forward to partnering with Aurora because of their industry-leading autonomous driving technology and impressive team,” said Preston Feight, PACCAR chief executive officer. “This strategic partnership complements PACCAR’s best-in-class commercial vehicle quality, technology and innovation.”

Chris Urmson, Aurora co-founder and chief executive officer, added, “Aurora is excited to take this next step in our collaboration with PACCAR. Working together, we’ve been impressed with PACCAR’s product engineering, manufacturing capabilities, and commitment to enhancing its customers’ operational safety and efficiency. This partnership brings us one step closer to unlocking the autonomous freight market and delivering goods to those who need them.”

PACCAR is a global technology leader in the design, manufacture and customer support of high-quality light-, medium- and heavy-duty trucks under the Kenworth, Peterbilt and DAF nameplates. PACCAR also designs and manufactures advanced powertrains, provides financial services and information technology, and distributes truck parts related to its principal business.

View source version on businesswire.com:https://www.businesswire.com/news/home/20210119006028/en/

CONTACT: Ken Hastings

(425) 468-7530

[email protected]

KEYWORD: UNITED STATES NORTH AMERICA WASHINGTON

INDUSTRY KEYWORD: TRUCKING AUTOMOTIVE AUTOMOTIVE MANUFACTURING GENERAL AUTOMOTIVE TRANSPORT MANUFACTURING FLEET MANAGEMENT

SOURCE: PACCAR

Copyright Business Wire 2021.

PUB: 01/19/2021 04:05 PM/DISC: 01/19/2021 04:06 PM

http://www.businesswire.com/news/home/20210119006028/en

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