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Paccar Inc
Type Public NASDAQPCAR
Founded 1905
Headquarters United States 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 NASDAQPCAR 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]

Contents

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 metric tons) 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

Paccar MX engine

See also

Notes and references

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

References

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

External links

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