Here's What Drove PACCAR Stock Higher Today

Shares of PACCAR (NASDAQ: PCAR) jumped more than 10% as of 3:45 p.m. EST on Thursday. Driving the truck maker's stock was a strategic agreement with automated-driving start-up Aurora Innovation to develop, test, and commercialize autonomous vehicles.

PACCAR will provide autonomous-enabled Peterbilt and Kenworth vehicles to the strategic partnership. Meanwhile, Aurora will provide its industry-leading self-driving technology, Aurora Driver, which includes hardware, software, and operational services. The two partners will collaborate to integrate the Peterbilt and Kenworth vehicles with Aurora Driver.

Image source: Getty Images.

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Source Fool.com