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: []
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

Paccar Latest News

Can PACCAR Inc. (NASDAQ:PCAR) Meet Analysts Expectations This Quarter? A look at the consensus

Earnings is fast approaching and sell-side firms around the globe are crunching numbers to help investors make sound investment decisions. Analysts are forecasting that PACCAR Inc. (NASDAQ:PCAR) is going to report earnings of $0.99 per share. The ...
Posted: October 20, 2016, 10:14 am

Driving the new Paccar rear axle, 2017 MX engines

Integration has been the name of the game as truck manufacturers have striven to bring unprecedented fuel economy to their vehicles, and Paccar has upped its efforts with the introduction of its first North American axle. “With the greenhouse gas push ...
Posted: October 14, 2016, 10:55 am

Paccar Inc. (PCAR) Upgraded to Hold at Zacks Investment Research

Zacks Investment Research upgraded shares of Paccar Inc. (NASDAQ:PCAR) from a sell rating to a hold rating in a research note issued to investors on Thursday morning. According to Zacks, “Earnings estimates for PACCAR have remained stable of late.
Posted: October 14, 2016, 9:38 am
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