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Paccar CEO Says Truckmaker ‘Hustling’ to Cope With Chip Shortage

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Paccar Inc., a heavy-duty truck manufacturer, is doing a bit of “hustling” to cope with a global shortage of computer chips, much like a would-be rival in semi trucks that also happens to be one of the world’s most valuable companies.

The Bellevue, Washington-based company said Tuesday it found workarounds for the semiconductor shortfall by repurposing some chips and re-engineering others. That’s similar to what Tesla Inc. is doing to keep its factories humming by rewriting the code on chips in what Elon Musk has called  “a matter of weeks.”