[WorldKings - Wowtimes - Almanac Events & Achievements 2023] Golden milestones in the 118-year journey to becoming the world's leading truck manufacturer of Paccar Inc. (1905)

19-07-2023

(Worldkings.org) PACCAR Inc is a multinational company primarily focused on the design and manufacturing of large commercial trucks through its subsidiaries DAF, Kenworth and Peterbilt.

PACCAR is a global technology leader in the design, manufacture and customer support of premium light-, medium- and heavy-duty trucks under the Kenworth, Peterbilt and DAF nameplates. PACCAR also designs and manufactures advanced diesel engines, provides financial services, information technology, and distributes truck parts related to its principal business.

PACCAR delivers its products and services to customers worldwide through an extensive dealer network of 2,200 locations. PACCAR Global 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 is headquartered in Bellevue, Washington, USA. With more than 26 000 employees, PACCAR Inc. is considered one of the largest manufacturers of medium and heavy-duty trucks in the world. According to Forbes, it is considered one of the top 2000 largest public companies in the world.

 

The company’s milestones:

1905: The company was founded by William Pigott Sr. as Seattle Car Manufacturing Company, with a capitalization of $10,000.

1908: The Seattle Car Manufacturing Co. opened a modern railcar manufacturing plant in Renton.

1911: The name was changed to Seattle Car and Foundry Company.

1915: The company later merged with Twohy Brothers of Portland in 1915 to become Pacific Car and Foundry Company, a name it retained for the next 55 years.

1945: The company entered the heavy-duty truck market in 1945 with its first major acquisition, Kenworth Motor Truck Company of Seattle.

 

1958: Pacific Car and Foundry greatly expanded its heavy-duty truck capability with the purchase of Peterbilt Motors Company.

1960: Carco Acceptance Corporation, currently PACCAR Financial Corp., was launched to facilitate domestic sales of trucks.

1970: PACCAR created an overseas manufacturing facility at Bayswater, Melbourne Australia producing Kenworth Trucks.

1972: "Pacific Car and Foundry Company" no longer accurately reflected the company's products and activities, directors and shareholders voted to adopt PACCAR Inc as its new name in 1972.

 

1973: Two main divisions of PACCAR were established. PACCAR International Inc. to promote exports worldwide and PACCAR Parts Division.

1980: Paccar Technical Center was established in 1980 in Mount Vernon, Washington, as a research and testing facility.

1981: PACCAR became a European truck manufacturer with the acquisition of Foden Trucks in Sandbach, U.K.

1998: The acquisition of DAF Trucks N.V. in 1996 and Leyland Trucks established PACCAR as one of the major truck manufacturers in the world.

 

2010: PACCAR unveiled its PACCAR MX engine line for North America.

2013: PACCAR expanded its global operations with the opening of a new DAF factory in Ponta Grossa, Brazil.

2017: PACCAR announced its Silicon Valley Innovation Center in Sunnyvale, California in 2017.

Fiscal year 2022: the company achieved revenue of 27.31 billion USD.

 

According to paccar.com & Wikipedia 


Kyna ( Collect) - WORLDKINGS (Source of photos: Internet)

 

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