Heavy truck maker Paccar has reopened its Mexican factories for producing the Kenworth brands of trucks and components following the relaxation of COVID-19 restrictions by the government. The firm’s CEO, Preston Feight, has stated that “there was a lot of strong activity” in sales in March that has continued into April. There was nonetheless a 44.8% year over year drop in the firm’s exports from Mexico in April. Looking into July, the new U.S.-Mexico-Canada Agreement (USMCA) may require Paccar to reconsider its U.S.-inbound supply chain. The firm has already pivoted somewhat toward Mexic...
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