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Profile: Paccar Inc (PCAR.O)

PCAR.O on Nasdaq

64.38USD
20 Aug 2019
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PACCAR Inc (PACCAR), incorporated on November 19, 1971, is a technology company. The Company's segments include Truck, Parts and Financial Services. The Truck segment includes the design, manufacture and distribution of light-, medium- and heavy-duty commercial trucks. The Parts segment includes the distribution of aftermarket parts for trucks and related commercial vehicles. The Financial Services segment includes finance and leasing products and services provided to customers and dealers. Its Other business includes the manufacturing and marketing of industrial winches. The Company operates in Australia and Brazil and sells trucks and parts to customers in Asia, Africa, the Middle East and South America.

Trucks

The Company's trucks are marketed under the Kenworth, Peterbilt and DAF nameplates. As of December 31, 2016, these trucks, which were built in three plants in the United States, three in Europe and one each in Australia, Brazil, Canada and Mexico, were used for over-the-road and off-highway hauling of commercial and consumer goods. The Company also manufactures engines, primarily for use in the Company's trucks, at its facilities in Columbus, Mississippi; Eindhoven, the Netherlands, and Ponta Grossa, Brazil. Its trucks are assembled at facilities in Chillicothe, Ohio; Denton, Texas; Renton, Washington; Ste. Therese, Canada, and Mexicali, Mexico. The Kenworth and Peterbilt nameplates are marketed and distributed by separate divisions in the United States 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 across the world by a foreign subsidiary and is also marketed and distributed by foreign subsidiaries in Brazil and Australia.

Parts

The Parts segment included the distribution of aftermarket parts for trucks and related commercial vehicles to over 2,100 Kenworth, Peterbilt and DAF dealers in 98 countries around the world, as of December 31, 2016. As of December 31, 2016, aftermarket truck parts are sold and delivered to its independent dealers through the Company's 17 strategically located parts distribution centers (PDCs) located in the United States, Canada, Europe, Australia, Mexico and South America. Parts are primarily purchased from various suppliers and also manufactured by the Company.

Financial Services

As of December 31, 2016, PACCAR Financial Services (PFS) operated in 23 countries in North America, Europe, Australia and South America through finance companies operating under the PACCAR Financial trade name. PFS also conducts leasing operations through its subsidiaries in North America, Germany and Australia under the PacLease trade name. PFS provides its franchisees with equipment financing and administrative support. PFS also operates its own lease outlets. PFS's retail loan and lease customers consist of small, medium and large commercial trucking companies, independent owner/operators and other businesses and acquire their PACCAR trucks principally from independent PACCAR dealers.

The Company competes with Renault V.I.

Company Address

Paccar Inc

Paccar Building, 777 106Th Avenu
BELLEVUE   WA   98004
P: +1425.4687525
F: +1425.4688216

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