PACCAR INC.
BELLEVUE, WA

Get to Know PACCAR 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. Kenworth Truck Company builds premium commercial vehicles for sale in the U.S., 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, Brasil and the United Kingdom for sale throughout Western and Eastern Europe, and export to Asia, Africa, North and South America. PACCAR delivers its products and services to customers worldwide through an extensive dealer network of 2,100 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 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 24 countries including a portfolio of 180,000 trucks and trailers and total assets in excess of $12 billion. The group includes PACCAR Leasing, a major full-service truck leasing company in North America, with a fleet of 36,000 vehicles. Environmental responsibility is one of PACCAR’s core values. The company regularly develops new programs to help protect and preserve the environment and PACCAR has established ambitious goals to further reduce emissions and enhance fuel efficiency in its truck models. PACCAR is headquartered in Bellevue, Washington, USA. The company and its employees’ charitable contributions demonstrate a strong commitment to the communities in which we work and live. The PACCAR Foundation grants millions of dollars each year for education, social services and the arts. PACCAR Technical Center, a world-class research and testing facility, opens in Mount Vernon, Washington. PACCAR acquires Foden Trucks, one of the oldest truck producers in the world. PACCAR Leasing Corporation launches to provide full-service leasing and rental through PACCAR's dealer network. PACCAR receives an order from the People's Republic of China for 22 Kenworth trucks. PACCAR purchases Wagner Mining Equipment Company, a leading manufacturer of underground mining vehicles. PACCAR Parts established to support truck sales and service through Kenworth and Peterbilt dealers. Kenworth opens its Chillicothe, Ohio, truck assembly plant. PACCAR International Inc. is established to consolidate sales and services of company products overseas. Pacific Car and Foundry Co. merges into PACCAR Inc on January 25, 1972. That same year, Kenworth celebrates its 50th anniversary. PACCAR Inc incorporated and begins trading on the newly formed NASDAQ stock exchange on February 4, 1971, as one of the 2,500 founding members The Dynacraft division is formed to provide belts, hoses, adapters, and accessories for Kenworth and Peterbilt truck plants. Charles M. Pigott takes over as President, the third generation of the Pigott family to run the company. PACCAR forms joint venture with Gustavo Vildosola Castro in Mexico to form Kenworth Mexicana. Peterbilt Motors Company is acquired, significantly increasing Pacific Car and Foundry’s heavy-duty truck capability. DAF Trucks begins producing its first truck, the model A-30. Four years later, the factory receives a large order for military trucks, setting the course for large-scale truck production. Pacific Car and Foundry enters the truck manufacturing business with the acquisition of Seattle-based Kenworth Motor Truck Co. The next year, Kenworth moves into a high-capacity assembly plant in South Seattle. T.A. Peterman acquires Fageol Motor Car Company, changes the name to Peterbilt Trucks, and begins producing trucks for the timber industry. Paul Pigott acquires a major interest in Pacific Car after American Car falls on hard times during the Great Depression. With railcar orders at a standstill, Pacific Car diversifies into other products, including the Carco line of power winches. Kenworth opens a new Seattle factory to position the company for rapid growth. Wim and Huub van Doorne establish the engineering company that will become Van Doome's Aanhangwagenfabriek, abbreviated DAF, in The Netherlands. William Pigott Sr. sells control of Pacific Car and Foundry to American Car and Foundry. Kent and Worthington rename their young company Kenworth Motor Truck Company and establish headquarters in Seattle. Edgar Worthington and partner Captain Frederick Kent acquire Gerlinger Motor Car Company and rename it the Gersix Motor Company. Twohy Brothers Company merges with Seattle Car & Foundry and the company is renamed Pacific Car & Foundry Company. Seattle Car is renamed Seattle Car & Foundry Co. to better reflect innovative steel-making capabilities for the rapidly growing West Coast. 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. 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.