PACCAR Inc engages in the design, manufacture, and customer support of light-, medium-, and heavy-duty trucks. The company also designs and manufactures advanced diesel engines; provides financial services and information technology; and distributes truck parts related to its principal business. Segments The company operates through three segments: Truck, Parts, and Financial Services. Truck This segment includes the design and manufacture of light-, medium-, and heavy-duty commercial trucks. The company’s trucks are marketed under the Kenworth, Peterbilt, and DAF nameplates. These trucks, which are built in three plants in the United States, three in Europe, and one each in Australia, Canada, Mexico, and Brazil, are used worldwide for over-the-road and off-highway hauling of freight, petroleum, wood products, and construction and other materials. All trucks are sold to independent dealers. The Kenworth and Peterbilt nameplates are marketed and distributed by separate divisions in the U.S. and a foreign subsidiary in Canada. The Kenworth nameplate is also marketed and distributed by foreign subsidiaries in Mexico and Australia. The DAF nameplate is marketed and distributed worldwide by a foreign subsidiary headquartered in the Netherlands and is also marketed and distributed by foreign subsidiaries in Brazil and Australia. Parts This segment includes the distribution of aftermarket parts for trucks and related commercial vehicles in the U.S., Canada, Europe, Australia, Mexico, and South America. Aftermarket truck parts are sold and delivered to the company’s independent dealers through the company’s 17 strategically located parts distribution centers. Parts are primarily purchased from various suppliers and also manufactured by the company. Other Businesses Other businesses include 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 Braden, Carco, and Gearmatic trademarks and trade names are recognized internationally and play an important role in the marketing of those products. Financial Services This segment engages primarily in financing or leasing the company’s products in the U.S., Canada, Mexico, Europe, and Australia. The company’s sales and revenues are derived primarily from North America and Europe. The company also operates in Australia and Brazil, and sells trucks and parts to customers in Asia, Africa, the Middle East, and South America. PACCAR Financial Services (PFS) operates in 22 countries in North America, Europe, Australia, and South America through wholly owned finance companies operating under the PACCAR Financial trade name. PFS also conducts full service leasing operations through wholly owned subsidiaries in North America and Germany under the PacLease trade name. Selected dealers in North America are franchised to provide full service leasing. PFS provides its franchisees equipment financing and administrative support. PFS also operates full service lease outlets on its own behalf. PFS’ retail loan and lease customers consist of small, medium, and large commercial trucking companies, independent owner/operators, and other businesses that purchased their trucks principally from the company’s independent dealers. The company’s finance receivables are classified as dealer wholesale, dealer retail, and customer retail segments. The dealer wholesale segment consists of truck inventory financing to the company’s dealers. The dealer retail segment consists of loans and leases to participating dealers and franchises that use the proceeds to fund customers’ acquisition of commercial vehicles and related equipment. The customer retail segment consists of loans and leases directly to customers for the acquisition of commercial vehicles and related equipment. Customer retail receivables are further segregated between fleet and owner/operator classes. The fleet class consists of customer retail accounts operating approximately five trucks. All other customer retail accounts are considered owner/operator. Regulation As a manufacturer of highway trucks, the company is subject to the National Traffic and Motor Vehicle Safety Act and Federal Motor Vehicle Safety Standards promulgated by the National Highway Traffic Safety Administration, as well as environmental laws and regulations in the United States, and is subject to similar regulations in Canada, Mexico, Australia, Brazil, and Europe. History PACCAR Inc was founded in 1905. The company was incorporated under the laws of Delaware in 1971.
paccar inc (PCAR:NASDAQ GS)
777-106th Avenue N.E.
Bellevue, WA 98004
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