PACCAR rises even after Volkswagen denies bidding for company Earlier reports from Bernstein and ISI Group quoted Daimler (DDAIY) truck chief Wolfgang Bernhard, saying that he had been told Volkswagen wanted to acquire Paccar (PCAR). A Volkswagen (VLKAY) spokesperson has since denied that report. Nonetheless the shares are up 5% to $67.02 at time of writing. Resistance at that price is at $67.58, the session high, and then at $68.81 which is the 52-week high. Support is at $66.29.