Paccar


Paccar
Paccar Inc
Type Public
Traded as NASDAQPCAR
Industry Heavy-duty trucks
Founded 1905
Headquarters Bellevue, Washington, USA
Key people Mark C. Pigott, Chairman & CEO
Thomas E. Plimpton, President
Products Class 7 and Class 8 Trucks
Revenue increase $10.292 billion USD (2010)[1]
Operating income increase $1.35 billion USD (2010)
Net income increase $456.7 million USD (2010)
Employees 21,800
Website www.paccar.com

PACCAR Inc NASDAQPCAR 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]

Contents

History

Seattle Car and Foundry works at Renton, Washington, 1916.

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.[2]

In World War II

During the Second World War, it was involved in war production, including Sherman tanks for the U.S. Army.[3] Other notable vehicles produced include the M25 Tank Transporter, known as the Dragon Wagon, and the T28 Super Heavy Tank.

Post war

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 competitors include Navistar International and AB Volvo.[citation needed]

Subsidiaries

Paccar MX engine

Financials

Fiscal Year Revenue (Billions USD)[4]
2010 $10.29
2009 $8.09
2008 $14.97
2007 $15.22

See also

Factory 1b.svg Companies portal

Notes and references

  1. ^ Paccar 2010 Annual Report
  2. ^ PACCAR history webpage, bottom bar
  3. ^ PACCAR - The Pursuit of Quality, Alex Groner and Barry Provorse; Documentary Media, Seattle, Washington, 2005 – 4th Edition
  4. ^ Babcock, Charles (2011). "Heavy Truck Maker Revs Up IT Innovation Amid A Brutal Recession". InformationWeek (UBM, LLC) (1309): 21-24. 

References

  • PACCAR - The Pursuit of Quality, Alex Groner and Barry Provorse; Documentary Media, Seattle, Washington, 2005 – 4th Edition

External links


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Look at other dictionaries:

  • PACCAR — modifier  …   Wikipédia en Français

  • Paccar — inc. Тип …   Википедия

  • Paccar — Rechtsform Corporation ISIN US6937181088 Gründung 1905 …   Deutsch Wikipedia

  • PACCAR — inc. Год основания 1905 Ключевые фигуры Mark C. Pigott, Chairman CEO Thomas E. Plimpton, President Тип Публичная компания Расположение …   Википедия

  • PACCAR — Unternehmensform Corporation ISIN …   Deutsch Wikipedia

  • Paccar — Logo de Paccar Création 1905 Siège social …   Wikipédia en Français

  • Paccar — n. American corporation headquartered in Washington, manufacturer and distributor of truck and automotive parts …   English contemporary dictionary

  • Pacific Car and Foundry Company — Paccar Paccar modifier  …   Wikipédia en Français

  • PCAR — Paccar, Inc. (Business » NASDAQ Symbols) …   Abbreviations dictionary

  • Mark Pigott — Mark Pigott, (born February 6 1954), has been Chairman and Chief Executive Officer of PACCAR, Inc. since January 1997. Pigott has been highlighted as one of the nation s leading CEOs by Forbes Magazine, in their annual listing of the top ten CEOs …   Wikipedia


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