Paccar

PACCAR Inc

view of the Paccar Tower
Type	Public
Traded as	NASDAQ: PCAR NASDAQ-100 Component S&P 500 Component
Industry	Heavy equipment Automotive Engines Powertrain Truck components Financial services Information technology
Founded	1905
Headquarters	Paccar Tower 777 106th Avenue N.E. Bellevue, Washington, United States
Area served	Worldwide
Key people	Mark C. Pigott (Executive Chairman) Ronald E. Armstrong (CEO)
Products	Products List PACCAR MX13 & MX11 PACCAR PR, GR & FR Braden, Carco & Gearmatic Tandem Axle Class 6 Trucks Class 7 Trucks Class 8 Trucks
Revenue	$17.0505 billion USD (2012)
Operating income	$1.967 billion USD (2012)
Net income	$1.111 billion USD (2012)
Total assets	US$ 18.834 billion (31 March 2013)
Total equity	US$ 7.364,7 billion (December 31, 2011)
Number of employees	22,800 (2012)
Divisions	Kenworth Peterbilt
Subsidiaries	List Transportation DAF Trucks Tatra (19%) Leyland Trucks Financial services PACCAR Financial Corp. PacLease Equipment Winch Braden Carco Germatic Aftermarket parts PACCAR Parts PACCAR Parts Europe PACCAR Parts South America International sales PACCAR Global Sales Information technology PACCAR ITD Truck components Dynacraft Research and development PACCAR Technical Center DAF Central Lab Engine manufacturing PACCAR Engine Company International PACCAR Australia Kenworth Australia DAF Trucks Australia PACCAR New Zealand Southpac Trucks ALL RIG Parts PACCAR Mexicana Kenworth Mexicana Peterbilt Mexicana PACCAR Canada Kenworth Canada Peterbilt Canada PACCAR India PACCAR China PACCAR Brazil DAF Trucks Brazil
Website	www.paccar.com

PACCAR Inc. is an American Fortune 500 company and counts among the largest manufacturers of medium- and heavy-duty trucks in the world, and has substantial manufacturing in light and medium vehicles through its various subsidiaries. For its leadership in the development of aerodynamic, lightweight commercial vehicles that has led to reduced fuel consumption and increased efficiencies, PACCAR, Inc was awarded the National Medal of Technology at the White House in 2006. The company’s presence has been especially strong in Renton, Washington, where it remains the oldest continually operating business. PACCAR's assembly plant in Renton was recognized as one of the best workplaces for commuters for the fifth consecutive year by the National Center for Transit Research in June 2013. The plant also celebrated its 20th anniversary in June 2013 and has produced more than 130,000 heavy-duty and medium-duty Kenworth trucks since it started its operations in 1993.

PACCAR Inc started as Seattle Car Manufacturing Company in 1905 with a capitalization of $10,000 and was founded by William Pigott, Sr., its original business was the production of railway and logging equipment. The company built a new factory in Renton in 1909 after its Duwamish facility was destroyed in fire as well as to fulfill large number of orders. In 1917 it merged with a Portland firm, Twohy Brothers which was its only competitor on the west coast at the time and company was renamed as Pacific Car and Foundry Company. The company manufactured horse or oxen-drawn logging trucks built specifically to address the dense, hilly forests in which the Northwest logging industry operated to transport massive logs. The following years the company specialized in designing air brakes, open cars, refrigerated boxcars for shipment of perishable items and the universal trailer which could be pulled by a truck. The company also manufactured structural steel that was finished by hand that was used to create columns and girders that went into many a Seattle landmark building. 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.