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PACCAR sees FY13 capital expenditures of $425M-$47M

The company said, “In 2013, capital of $425M-$475M and R&D expenses of $250M-$260M are being invested in new products and increased manufacturing capacity. Next year, capital expenditures for product development and enhanced operating efficiency are projected to be $350M-$400M. Research and development expenses are estimated at $225M-$275M in 2014."