Question: Jerry Revich – Goldman Sachs Group Inc., Research Division
And Mark, can you talk about your vision for the TATRA business specifically? Did you anticipate at some point owning a bigger piece of the company? I guess what’s the extent of the opportunity here?
Answer: Mark C. Pigott – CEO Paccar
Well, full points to you for asking that question. TATRA, of course, we’ve known TATRA for a long time. They’ve been around, well, for over a century. And right now, our focus with TATRA, and I just came back from Europe recently and drove an 8×8 TATRA through our most rigorous off-road course and it handles beautifully, is really to sell that product through our DAF dealer network in addition to TATRA’s own network. And I think you’ve seen a picture. There’s been a couple of articles in the commercial truck press. I know there’s a good one in Commercial Motor magazine in the U.K. in the last couple of weeks. So that’s going to be the focus. Initially, we’ll be in Europe. And it’s an adjunct product. This is not a mainstream product. It’s focused off highway. But there’s good demand for it. And then over time, we’ll take a look at other opportunities to use that product around the world. Initial focus is certainly in Europe.