Paccar Inc
PACCAR Inc (the Company), incorporated under the laws of Delaware in 1971,
is the successor to Pacific Car and Foundry Company which was incorporated in
Washington in 1924. The Com'pany traces its predecessors to Seattle Car Manufacturing
Company formed in 1905.
The Company has two principal industry segments, (1) design, manufacture and
distribution of light-, medium- and heavy-duty trucks and related aftermarket
distribution of parts and (2) finance and leasing services provided to customers
and dealers. The Company distributes trucks and parts primarily through its
independent dealer network. The Company's finance and leasing activities are
principally related to Company products and associated equipment. Other manufactured
products include industrial winches.
TRUCKS
The Company and its subsidiaries design and manufacture heavy-duty diesel trucks
which are marketed under the Peterbilt, Kenworth, DAF and Foden nameplates.
These vehicles, which are built in four plants in the United States, three in
Europe and one each in Australia, Canada, and Mexico, are used worldwide for
over-the-road and off-highway hauling of freight, petroleum, wood products,
construction and other materials.
FINANCIAL SERVICES
In North America, Australia and seven Western European countries, the Company
provides financing and leasing arrangements principally for its manufactured
trucks through wholly-owned finance companies operating under the PACCAR Financial
or PacLease trade names.
There were three other principal competitors in the U.S. and Canada Class 8
truck market.