Paccar Net Worth is42.8 12-Month Sales Growth (%)
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Company Name: Paccar Inc
Industry: Heavy equipment (construction)
Company Type: Public company
Traded As: PCAR, S&P 500
Foundation: 1905
Location: Bellevue, Washington, USA
Products: Truck classification#Class 7 and Truck classification#Class 8 Trucks
Revenue: operating income
Net Income: assets
Equity: key people
Num Employees: 17,700 (2010) Homepage: [http://www.paccar.com/ www.paccar.com]
Paccar Inc (stylized as PACCAR, Inc.) 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]
Based in Bellevue, Washington, in the Seattle Metropolitan area. It was founded in 1905 by William Pigott, Sr., as the Seattle Car Manufacturing Company. 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 1924, the founder, William Pigott sold a controlling interest in the company to American Car and Foundry Company. However, his son, Paul Pigott reacquired a significant interest in the company from American Car and Foundry Company in 1934.
During the Second World War, it was involved in war production, including Sherman tanks for the U.S. Army. Other notable vehicles produced include the M25 Tank Transporter, known as the Dragon Wagon, and the T28 Super Heavy Tank.
In 1945, Pacific Car and Foundry purchased Seattle's Kenworth Motor Truck Company. In 1958, they purchased Peterbilt Motors Company and the Dart Truck Company. In 1972 the corporate name officially changed to Paccar Inc, and the Pacific Car and Foundry Company became a subsidiary division.
In 1981, Paccar acquired Foden Trucks, a British manufacturer. Fifteen years later, in 1996, they acquired Netherlands-based DAF Trucks, which was in financial difficulties at the time.[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; behind Daimler AG in the US market. Other Major heavy-truck comp

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Paccar Latest News

Truck giant Paccar names new president, declares special dividend

Dutch trucking executive Harrie Schippers has been named president of Paccar starting Jan. 1, the Bellevue-based truck maker said Thursday. Schippers has worked at Paccar for 31 years and is currently its chief financial officer, a title and ...
Posted: December 15, 2017, 9:12 am

Stable Demand Lifts Class 8 Sales Past 17,000 Units in November

Year-to-date, sales were 169,987. That was 4% below 177,035 in the 2016 period. Paccar Inc. was the only truck maker to show a year-to-date gain, riding the performance of its Peterbilt Motors Co. brand, which saw sales rise 12.3% to 27,403 units.
Posted: December 14, 2017, 12:15 pm

PACCAR Announces Extra Cash Dividend and Regular Quarterly Dividend

BELLEVUE, Wash.--(BUSINESS WIRE)--PACCAR Inc’s (Nasdaq: PCAR) Board of Directors today declared an extra cash dividend in the amount of one dollar and twenty cents ($1.20) per share, payable on January 4, 2018, to stockholders of record at the close of ...
Posted: December 5, 2017, 9:00 am
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