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Headquarters:
777 106th Avenue N.E. Website: http://www.paccar.com Paccar is a maker of light-, medium- and heavy-duty trucks sold around the world under the Kenworth, Peterbilt, DAF nameplates. The company also provides customized financial services, information technology and truck parts related to its principal business. Kenworth Truck Company builds premium commercial vehicles for sale in the US, Canada, Mexico and Australia and for export throughout the world. Peterbilt Motors also designs, manufactures and distributes premium commercial vehicles in the US and Canada. DAF Trucks manufactures trucks in the Netherlands, Belgium and the United Kingdom for sale throughout Western and Eastern Europe, and export to Asia, Africa and North America. PACCAR delivers its products and services to customers worldwide through an extensive dealer network of nearly 1,800 locations. PACCAR International sells the company's products in more than 100 countries and is expanding its dealer network in Asia and throughout the world. Approximately half of PACCAR's revenues and profits are generated outside the United States. PACCAR Parts operates a network of parts distribution centers offering aftermarket support to Kenworth, Peterbilt and DAF dealers and customers around the world. Aftermarket support includes customer call centers operating 24 hours a day throughout the year and technologically advanced systems to enhance inventory control and expedite order processing. PACCAR Financial Services provides finance, lease and insurance services to dealers and customers in 15 countries including a portfolio of more than 150,000 trucks and trailers and total assets in excess of $9 billion. The group includes PACCAR Leasing, a major full-service truck leasing company in North America, with a fleet of over 25,000 vehicles. In 2006, Paccar reported record revenues of $16.4 billion and net income of $1.49 billion. History In 1905, William Pigott, Sr. founded Seattle Car Mfg. Co. to produce railway and logging equipment at its plant in West Seattle. The Company later merged with Twohy Brothers of Portland to become Pacific Car and Foundry Company, a name it retained for the next 55 years. In 1924, William Pigott sold control of the Company to American Car and Foundry Company. During the Depression of 1929, business declined and the Renton plant fell into disrepair. Paul Pigott, son of the founder, acquired a major interest in the Company from American Car in 1934. Under his leadership, the Company expanded its products and introduced the Carco line of power winches for use on crawler tractors in the logging industry. This product line later became the basis for PACCAR's Winch Division located in Oklahoma, which now includes Braden, Carco and Gearmatic. In 1941, America went to war, and the Company's Renton plant built Sherman Tanks and tank recovery vehicles for the military. Pacific Car and Foundry also constructed dry docks and steel tugboats during the conflict. The Company entered the heavy-duty truck market in 1945 with its first major acquisition, Kenworth Motor Truck Company of Seattle. Pacific Car and Foundry greatly expanded its heavy-duty truck capability with the purchase of Peterbilt Motors Company in 1958. That same year, the acquisition of Dart Truck Company permitted its entry into the entirely new market of mining vehicles. In 1972, the company adopted Paccar as its company name. Pacific Car and Foundry Company, located in the original Renton facility, became a division of the company. Benefits · Comprehensive Health Coverage
Plans Updated Sept. 2, 2007 |