Paccar

Designs and manufactures premium trucks and engines

Bellevue, Washington, United States

About Paccar

PACCAR designs and manufactures premium trucks, including light, medium, and heavy-duty models, under the brands Kenworth, Peterbilt, and DAF. Their trucks are known for durability, efficiency, and advanced technology, making them popular among commercial trucking companies and logistics providers. PACCAR generates revenue primarily through truck sales and also produces advanced diesel engines, which are used in their trucks and sold separately. Additionally, they offer financial services like truck leasing through their subsidiary, PacLease, helping clients manage costs. PACCAR provides aftermarket services, including truck parts and maintenance, to ensure vehicles remain in good condition. The company stands out from competitors by investing in information technology to improve manufacturing and customer support. PACCAR's goal is to deliver high-quality transportation solutions while maintaining a commitment to excellence and sustainability.

Bellevue, WashingtonHeadquarters
1905Year Founded
IPOCompany Stage
Automotive & Transportation, Financial ServicesIndustries
1,001-5,000Employees

Risks

Increased competition from Tesla and Nikola in the electric truck market.
Operational challenges in the new Mississippi battery factory could impact financials.
Supply chain constraints may arise from rapid battery factory expansion in the U.S.

Differentiation

PACCAR's Kenworth, Peterbilt, and DAF brands are renowned for quality and innovation.
The company offers comprehensive financial services through its subsidiary, PacLease.
PACCAR Connect enhances customer engagement with a digital marketplace and app store.

Upsides

PACCAR's new electric truck battery factory boosts its position in the EV market.
The onshoring of battery manufacturing strengthens PACCAR's local supply chain.
New board members bring diverse expertise, potentially driving strategic growth.