PACCAR Inc

What does PACCAR own?
PACCAR owns Kenworth, Peterbilt, and DAF truck brands, plus PACCAR Parts and PACCAR Financial Services. It also manufactures PACCAR engines.

Is PACCAR publicly traded?
Yes. PACCAR trades on Nasdaq under ticker PCAR and is a component of the S&P 500.

Who founded PACCAR?
William Pigott Sr. founded Seattle Car Manufacturing Company in 1905. It acquired Kenworth in 1945 and Peterbilt in 1958.

Where is PACCAR headquartered?
PACCAR is headquartered in Bellevue, Washington, USA, in the Seattle area.

Who owns PACCAR?
PACCAR is owned by public shareholders. Preston Feight serves as CEO.

What is PACCAR's revenue?
PACCAR reported FY2025 revenues of $28.44 billion with net income of $2.38 billion and adjusted net income of $2.64 billion.

How many truck brands does PACCAR own?
PACCAR operates three truck brands: Kenworth and Peterbilt for North America, and DAF for Europe and international markets.

William Pigott Sr. founded Seattle Car Manufacturing Company in 1905 to produce railway cars, beginning the enterprise that would become PACCAR. The company shifted into trucks through the first half of the twentieth century, acquiring Kenworth in 1945 and Peterbilt in 1958, establishing the two premium American truck brands that remain its core today.

The company became Pacific Car and Foundry and later PACCAR Inc, diversifying before refocusing entirely on trucks and related businesses. The 1996 acquisition of DAF Trucks added the European platform, giving PACCAR the transatlantic truck footprint that distinguishes it from purely regional competitors.

Through the 2000s and 2010s PACCAR built out PACCAR Parts, its aftermarket business, and PACCAR Financial Services, the captive lender, adding recurring revenue streams that smooth the cyclicality of new truck sales.

The company celebrated its 120th anniversary in 2025, marking 87 consecutive years of profitability through cycles that bankrupted competitors. Recent investments include the Mississippi battery cell manufacturing facility, electric truck production across all three brands, and agentic AI systems for operations.

PACCAR's sustainability program centers on zero-emission truck development across all three brands, the Mississippi battery cell facility investment, and operational practices including "zero waste to landfill" manufacturing, solar generation, and water recycling.

The company's environmental position is that of a premium truck maker transitioning its product line: battery-electric trucks are in production across all three brands, while the diesel business continues generating the revenue funding the transition. It is not a certification-focused sustainability company but reports on emissions, waste, and energy across operations.

• International Truck of the Year 2026: DAF XF and XD Electric each won the prestigious European award, a rare double for the brand.
• Fortune 500: PACCAR ranks on the Fortune 500 by revenue.
• 87 consecutive profitable years: The company's unbroken profitability streak through truck industry cycles is recognized as an industry benchmark.
• Fleet awards: Regular recognition in fleet and industry truck awards across brands.

European truck cartel litigation: PACCAR's $264.5 million after-tax charge in FY2025 relates to civil litigation stemming from the European truck manufacturers' cartel case, a legacy industry matter that has produced damage claims across the sector.

Emissions regulations: Truck emission standards drive significant R&D investment and periodic compliance discussions, with PACCAR investing in both cleaner diesel and electric powertrains.

Supply chain and tariffs: The FY2025 environment of tariff changes and supply constraints affected all truck manufacturers, with PACCAR navigating component sourcing through the disruption.