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The largest truck manufacturing company in the United States: PACCAR (PCAR) (1905)

PACCAR Inc. (or: PCAR) was founded in 1905 and is headquartered in Bellevue, Washington, with 25,000 full-time employees. It is the largest truck manufacturer in the United States and ranks among the world’s truck companies. China is also second only to Daimler in the world.

Paccar Logo

PACCAR (PCAR):

As a multinational technology company, the largest truck manufacturing company in the United States and the second largest truck manufacturer in the world, Paka produces and sells KENWORHT, Peterbilt, DAF, FODEN, etc. to the world Heavy-duty, highway and off-highway Class 8 trucks; the company produces and sells Kenworth and Peterbilt Class 6-7 heavy-duty trucks in North America. “Peterbilt” trucks and “Kenworth” trucks are on American highways. In addition to the United States, Paka also has production plants in Canada, Mexico, Australia, the United Kingdom, and the Netherlands.

PACCAR produces light, medium and heavy trucks under the Kenworth, Peterbilt and DAF nameplates. PACCAR also designs and manufactures diesel engines, provides financial services and information technology, and distributes truck parts related to its main business.

American Kenworth Company-is a subsidiary of Paccar Group, is also the world’s best truck and chassis manufacturer, internationally renowned oil equipment manufacturer, such as Halliburton , Baker Hughes , S&S ( Stewart & Stevenson), Schlumberger (Schlumberger) and some other well-known oilfield equipment production plants produced fracturing trucks, cement trucks, sand mixers, manifold trucks, etc., using a large number of Kenworth chassis. In the United States, Kenworth is known as the “Cadillac among trucks”. Its design mileage reaches 1.5 million kilometers, and the engine requires 800,000 kilometers without repair. The basic price of the truck is 80,000 to 120,000 US dollars, and the price of oilfield professional trucks. Up to 350,000 US dollars (you can buy a few Mercedes-Benz, ha ha).

PACCAR (PCAR) subsidiaries include:

  • Kenworth
    • Kenworth Australia
    • Kenworth Mexicana Mexico
  • Peterbilt
  • DAF Trucks
  • Leyland Trucks
  • PACCAR Winch (Braden, Carco and Gearmatic)
  • PacLease
  • PACCAR Parts
  • PACCAR Financial Corp
  • PACCAR Global Sales
  • PACCAR ITD (Information Technology Division)
  • Dynacraft
  • PACCAR Technical Center

PACCAR (PCAR) revenue:

Fiscal year

Revenue (Billion USD)

2016

$17.03

2015

$19.12

2014

$18.99

2013

$17.12

2012

$17.05

2011

$16.36

2010

$10.29

2009

$8.09

2008

$14.97

PACCAR (PCAR) History:

  • In 1905, PACCAR was founded in Seattle by William Pigott, Sr., with an original capital of US$10,000. It was originally a company that produced railway products and recording equipment;
  • In 1917, PACCAR merged with Twohy Brothers, the new company name: Pacific Car and Foundry Company;
  • In 1924, founder William Pigot sold part of the equity to American Car and Foundry Company;
  • In 1934, Paul Pigott, son of William Pigott, repurchased shares from American Car and Foundry Company;
  • In the 1930s, Pacific Car and Foundry received many contracts from the government;
  • In 1942, Pacific Car and Foundry produced Sherman M4-A1 tanks, M25 tank transport vehicles and T28 super heavy tanks for the US Army;
  • In 1944, Pacific Car and Foundry acquired Everett-Pacific Shipbuilding & Dry Dock Company, which was founded in 1942 to provide ships and warships for the US Navy;
  • At the end of World War II, Pacific Car was part of the federal government’s mobilization plan, which means he promised to put 100% of its production capacity into military production when the country needed it;
  • In 1945, Pacific Car acquired Kenworth Motor Truck Corporation, which began producing trucks in Seattle in 1923;
  • In 1954, Pacific Car acquired Dart Truck Company of Kansas City, Missouri and Peterbilt Motors Company of Oakland, California. Peterbilt operated as a wholly-owned subsidiary of Parker until 1960;
  • In 1956, Kenworth cancelled its independent operation and became a division of Pacific Car;
  • In 1972, PACCAR International was established;
  • In 1975, PACCAR acquired Wagner Mining Company, a producer of underground mining vehicles, and in the same year, International Car Company;
  • In 1980, it acquired Foden Trucks, a British truck manufacturer;
  • In April 1986, due to strong competition from Freightliner Trucks, a joint venture subsidiary of Daimler and Volvo, PACCAR’s performance dropped by 18% and the Kenworth Kansas City plant and the Peterbilt Newark plant had to be closed;
  • In 1986, PACCAR acquired Trico Industries, a manufacturer of oil exploration equipment headquartered in Gardena, California, for US$650 million;
  • In the mid-1980s, PACCAR had been negotiating with Rover Group, hoping to acquire its British Leyland automotive business unit, but unfortunately, in the end Rover decided to sell to the German car dealer DAF Trucks;
  • In 1984, PACCAR sold Dart Truck Company;
  • In 1987, PACCAR acquired Al’s Auto Supply and Grand Auto Incorporated, a manufacturer of auto parts;
  • In 1989, PACCAR sold Wagner Mining Equipment Company;
  • In 1992, PACCAR Parts was established;
  • In 1993, PACCAR acquisition Caterpillar Caterpillar is a line of winches;
  • On June 4, 1993, Kenworth truck was put into production at the factory in Renton, Washington;
  • In 1995, PACCAR International was exported to more than 40 countries and became one of the largest exporters in North America;
  • In 1996 and 1998, PACCAR spent US$543 million to acquire DAF Trucks NV and Leyland Trucks Ltd;
  • In 1998, PACCAR acquired Leyland Trucks, a British truck manufacturer;
  • Due to its leadership in the development of aerodynamic light commercial vehicles, fuel consumption is reduced and efficiency is improved, PACCAR Inc won the White House National Technology Medal in 2006;
  • In 2010, PACCAR launched the PACCAR MX engine series for North America. PACCAR invested USD 400 million to assemble special engines at the PACCAR engine plant and technology center in Columbus, Mississippi;
  • In 2013, PACCAR opened a new DAF plant in Ponta Grossa, Brazil, expanding its global business. The company occupies 569 acres, the assembly facility occupies 300,000 square feet, and has invested 320 million US dollars. The plant assembles DAF XF and CF vehicles for the South American market.
  • In 2017, PACCAR announced its Silicon Valley Innovation Center in Sunnyvale, California. The center is responsible for coordinating the development of next-generation products and identifying emerging technologies that will help future automotive performance.
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