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About
PACCAR, Inc. is a global technology company engaged in the design, manufacture and customer support of premium light, medium and heavy-duty trucks. It operates through the following segments: Truck, Parts, Financial Services and Other Businesses. The Truck segment includes the design and manufacturing of heavy, medium and light duty diesel trucks which are marketed under the Kenworth, Peterbilt, and DAF nameplates. The Parts segment includes the distribution of aftermarket parts for trucks and related commercial vehicles in the U.S., Canada, Europe, Australia, Mexico and South America. The Financial Services segment is composed of finance and leasing products and services provided to truck customers and dealers. The Other Businesses segment includes a division of the company which manufactures industrial winches in two U.S. plants and markets them under the Braden, Carco and Gearmatic nameplates. The company also operates in Australia and sells trucks and parts to customers in Asia, Africa, Middle East and South America. PACCAR was founded by William Pigott Sr. in 1905 and is headquartered in Bellevue, WA. | |||
Description
PACCAR Inc, together with its subsidiaries, designs, manufactures, and distributes light, medium, and heavy-duty commercial trucks worldwide. It operates in three segments: Truck, Parts, and Financial Services. The Truck segment offers trucks that are used for the over-the-road and off-highway hauling of commercial and consumer goods. The company sells its trucks through a network of independent dealers under the Kenworth, Peterbilt, and DAF nameplates. The Parts segment distributes aftermarket parts for trucks and related commercial vehicles. The Financial Services segment conducts full service leasing operations under the PacLease trade name. This segment also provides equipment financing and administrative support services for its franchisees; retail loan and leasing services for small, medium, and large commercial trucking companies, as well as independent owner/operators and other businesses; and truck inventory financing services to independent dealers. In addition, this segment offers loans and leases directly to customers for acquisition of trucks and related equipment. The company also manufactures and sells industrial winches under the Braden, Carco, and Gearmatic nameplates. PACCAR Inc was founded in 1905 and is headquartered in Bellevue, Washington. |