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Paccar Inc

Type	Public NASDAQ: PCAR
Founded	1905
Headquarters	Bellevue, Washington, USA
Key people	Mark C. Pigott, Chairman & CEO Thomas E. Plimpton, President
Industry	Heavy-duty trucks
Products	Class 7 and Class 8 Trucks
Revenue	▲ $15.221 billion USD (2007)
Operating income	▲ $1.668 billion USD (2007)
Net income	▲ $1.227 billion USD (2007)
Employees	21,800
Website	www.paccar.com

Paccar Inc NASDAQ: PCAR is the third largest manufacturer of heavy-duty trucks in the world (after Daimler AG and Volvo), and has substantial manufacture in light and medium vehicles through its various subsidiaries.^{citation needed}

History

Seattle Car and Foundry works at Renton, Washington, 1916.

Based in the Seattle suburb of Bellevue, Washington, it was founded in 1905 by William Pigott, Sr., as the Seattle Car Manufacturing Company.^{citation needed} Its original business was the production of railway and logging equipment. Upon a subsequent merger with a Portland, Oregon firm, Twohy Brothers, Seattle Car Manufacturing Company became the Pacific Car and Foundry Company.

In World War II

During the Second World War, it was involved in war production, including Sherman tanks for the U.S. Army ¹. Other notable vehicles produced include the M25 Tank Transporter, known as the "Dragon Wagon", and the T28 Super Heavy Tank.

Post War

Pacific Car and Foundry purchased Seattle's Kenworth Motor Truck Company in 1945 and both Peterbilt Motors Company and the Dart Truck Company 13 years later. In 1972 the corporate name was officially changed to Paccar Inc, with the Pacific Car and Foundry Company name becoming a subsidiary division.

In 1981, Paccar acquired Foden Trucks, a British manufacturer. Fifteen years later, in 1996, Netherlands-based DAF Trucks, at the time in financial difficulties, was acquired.^{citation needed} Also, in 1998 Paccar acquired UK-based Leyland Trucks for its light and medium truck (6 to 44 tonnes) design and manufacture capability.

With its Peterbilt, Kenworth and DAF nameplates, Paccar ranks second in production numbers in the United States and third in production numbers globally in "big rig" truck production. The leading unit producer in the United States is Freightliner, a unit of Daimler AG. Other major competitors in the heavy-truck business include Navistar International, and AB Volvo.^{citation needed}

Subsidiaries

• Kenworth
  • Kenworth Australia
  • Kenworth Mexicana Mexico
• Peterbilt
• DAF Trucks
• Leyland Trucks
• Winch (Braden, Carco and Germatic)
• PacLease
• Paccar Parts
• Paccar Financial Corp
• Paccar International
• Paccar ITD (Information Technology Division)
• Dynacraft
• Paccar Technical Center

See also

• Kenworth
• Peterbilt
• Semi-trailers
• VDL Bus
• G-numbers
• Mark Pigott

Notes and references

References

• David Wilma, Pacific Car and Foundry Co. becomes PACCAR Inc on January 25, 1972, HistoryLink, April 11, 2001.

• PACCAR Inc, PACCAR Official History Page

• PACCAR - The Pursuit of Quality, Alex Groner and Barry Provorse; Documentary Media, Seattle, Washington, 2005 – 4th Edition

External links

Companies portal

• Official website