PACCAR

PACCAR Inc (Nasdaq: PCAR) is a global technology leader in the design, manufacture and customer support of premium light-, medium- and heavy-duty trucks. Founded in 1905 and headquartered in Bellevue, Washington, PACCAR produces trucks under the Kenworth, Peterbilt and DAF nameplates.

PACCAR's primary products and services include:

• Trucks: Premium commercial vehicles sold under the Kenworth, Peterbilt and DAF brands

• Engines: Advanced diesel engines for its trucks and other OEMs

• Parts: Aftermarket parts distribution through PACCAR Parts

• Financial Services: Financing, leasing and insurance services through PACCAR Financial

In 2023, PACCAR achieved record annual revenues of USD 35.13 billion and net income of USD 4.60 billion. The company delivered a record 204,200 trucks worldwide in 2023. PACCAR Parts reported record annual pre-tax income of USD 1.7 billion on revenues of USD 6.41 billion.

PACCAR is investing heavily in next-generation technologies, including electric, hydrogen and autonomous vehicles. The company is developing battery-electric and fuel cell trucks, and has formed joint ventures for battery cell manufacturing. PACCAR showcased electric and autonomous truck prototypes at CES 2024.

PACCAR continues to expand globally, with manufacturing facilities in North America, Europe, Australia and South America. The company is focused on growing its aftermarket parts business and financial services offerings. With over USD 15 billion in stockholders' equity and consistent profitability, PACCAR remains well-positioned as a leader in the global truck manufacturing industry.