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

Paccar Latest News

PACCAR Inc. (NASDAQ:PCAR) Stake Maintained by Hartford Financial Management Inc

Bankshares Of Montreal Can has 0.07% invested in PACCAR Inc (NASDAQ:PCAR). Corporate insiders own 2.64% of the company's stock. PACCAR accounts for 0.8% of Biltmore Wealth Management LLC's investment portfolio, making the stock its 20th largest position.
Posted: August 13, 2017, 1:52 pm

Heavy-duty trucks market to increasing CAGR 1.41% forecast to 2021 insights shared in detailed report

The following companies as the key players in the Global Heavy-Duty Trucks Market: Daimler Trucks, MAN, PACCAR, Scania, and Volvo Trucks. Other Prominent Vendors in the market are: Ashok Leyland, FAW Group Corporation, ISUZU MOTORS, Iveco, Mack Trucks ...
Posted: August 16, 2017, 1:35 am

Navistar, Paccar, Other Truck Firms Risk Obsolescence

Traditional trucking industry manufacturers could become obsolete if they don’t start moving more quickly into electric powertrains. That’s the assessment of analyst Alexander Potter from Piper Jaffray in a report released Tuesday for industry investors.
Posted: August 12, 2017, 12:30 am

Has $714000 Stake in PACCAR Inc. (PCAR)

(NASDAQ:PCAR) by 0.1% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. Following the completion of the transaction, the insider now directly owns 20,800 shares in the company, valued at ...
Posted: August 13, 2017, 2:57 pm

Paccar Inc Falls 1.51% on Heavy Volume: Watch For Potential Rebound

Paccar Inc (NASDAQ:PCAR) traded in a range yesterday that spanned from a low of $63.25 to a high of $64.16. Yesterday, the shares fell 1.5%, which took the trading range below the 3-day low of $64.34 on volume of 634,000 shares. Often times after large one ...
Posted: August 17, 2017, 10:01 am
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