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2014
Kenworth produced its one millionth truck at its Chillicothe, Ohio, assembly facility. The truck was an aerodynamic Kenworth T680 Advantage powered by a PACCAR MX-13 engine. Kenworth employees celebrated the vehicle presentation to TransAm Trucking of Olathe, Kansas.
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2014
DAF’s cab factory in Westerlo, Belgium, produced its one millionth DAF cab.
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2014
Peterbilt celebrated its 75th anniversary. In 1939, T.A. Peterman founded Peterbilt in Oakland, California, to manufacture specialized, heavy-duty trucks. Peterbilt has produced more than 800,000 commercial vehicles in its history.
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2013
PACCAR celebrated the launch of its new DAF assembly plant in Ponta Grossa, Brasil in the state of Parana. The opening ceremony held on October 2, 2013 was led by Mark Pigott, PACCAR chairman and chief executive officer, and Parana Governor, Beto Richa. Attendees included state and local officials, DAF Brasil employees, dealers, suppliers, transport companies, and business and educational leaders.
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2012
PACCAR Begins Construction of DAF Factory in Brasil — PACCAR began construction of its new DAF assembly plant in Ponta Grossa, Brasil.
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2011
PACCAR Establishes Technical Center in Pune, India with its partner KPIT, a leading technology solutions company.
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2011
#1 Technology Ranking in InformationWeek Magazine — PACCAR earned the number one technology position in InformationWeek magazine's 2011 Top 500 company listing as a result of the development of its new TruckerLink application that builds upon the PACCAR Connected Truck program.
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2010
PACCAR Launches MX Engine in North America — to be installed in Kenworth and Peterbilt trucks by summer 2010.
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2009
PACCAR Honored for Environmental Leadership — PACCAR's corporate office and its Kenworth Truck company manufacturing facility in Renton are named as leaders in King County, Washington's 2009 Best Workplaces for Recyclers.
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2008
Demand for Growth — PACCAR breaks ground for a new $400 million powertrain manufacturing and assembly facility near Columbus, Mississippi.
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2007
DAF Leads Industry — PACCAR earns the coveted International Truck of the Year 2007 award for its top-of-the-line DAF XF 105. Kenworth is awarded three JD Power and Associates awards for customer satisfaction among class 8 truck owners.
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2006
Looking Forward — PACCAR accelerates its hybrid vehicle programs and is awarded the 2006 National Medal of Technology, the nation's highest honor for technological innovation, by the President of the US.
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2005
A Century of Quality — PACCAR celebrates its one-hundredth year of operation with record sales. A testament to the company's commitment to quality, Kenworth wins five of six JD Power and Associates awards in the heavy and medium truck categories.
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2004
Hallmark Achievements — PACCAR wins the International Stevie Award for Best Multinational Company. Kenworth ranks highest in customer satisfaction for vocational Class 8 segment and medium-duty truck service in the 2004 JD Power & Associates Customer Satisfaction Studies.
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2003
Engineering Excellence Awarded — Kenworth and Peterbilt sweep the 2003 JD Power and Associates Awards for Customer Satisfaction among Class 8 truck drivers, and Peterbilt wins in the medium-duty conventional truck category for the fourth time since 1999.
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2002
DAF Earns Industry Acclaim — The DAF LF wins the 2002 International Truck of the Year Award.
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1999
Peterbilt Takes Top Honors — The Peterbilt 330 is the highest ranked medium-duty conventional truck in the JD Power and Associates Customer Satisfaction Survey.
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1998
Leyland Trucks Joins PACCAR — PACCAR acquires Leyland Trucks, today one of Britain's leading manufacting companies. The top-selling DAF 95XF wins the prestigious International Truck of the Year 1998 award and Kenworth celebrates its 75th anniversary.
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1997
Founding Principles — Mark Pigott becomes Chairman and CEO carrying forward his great-grandfather's vision and legacy. Kenworth opens a manufacturing plant in Ste-Thérèse, Québec.
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1996
PACCAR Acquires DAF — PACCAR acquires DAF Trucks NV, greatly expanding its European truck manufacturing capability.
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1995
Kenworth Recognized — Kenworth T600 receives the National Award for the Advancement of Motor Vehicle Research and Development.
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1993
New Factory Opens — A new Kenworth assembly plant opens in Renton, Washington on the former site of Pacific Car & Foundry.
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1986
Peterbilt Introduces 379 — The company's all-time best-selling truck.
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1982
A New Standard — PACCAR Technical Center, a multi-million dollar research and testing facility, opens near Mount Vernon. Washington to ensure the highest standard of quality, durability, and reliability.
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1980
PACCAR Enters Europe — PACCAR acquires Foden Trucks, one of the oldest truck producers in the world. PACCAR Leasing Corporation forms to provide full-service leasing and rental through PACCAR's dealer network.
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1979
Heavy Lifting — Kenworth develops a 90-wheel transporter used to move the space shuttle from the hanger to the flight assembly building.
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1978
Kenworth in Asia — PACCAR receives an order from the People's Republic of China for 22 Kenworth trucks.
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1973
Deeper Expansion — 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.
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1973
International Focus — PACCAR International Inc. forms in Bellevue, Washington, to consolidate sales and services of company products overseas.
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1972
PACCAR Established — Pacific Car and Foundry Co. becomes PACCAR Inc on January 25, 1972, a name change that reflects the company's expanding products and global reach. That same year, Kenworth celebrates its 50th anniversary.
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1971
First Australian Kenworth — The first "Australian-made" Kenworth, a K12CR, is built in a newly completed factory in Melbourne.
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1967
A New Division — The Dynacraft division is formed to provide belts, hoses, adapters, and accessories for Kenworth and Peterbilt truck plants.
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1966
Kenworth Enters Australia — Kenworth Motor Trucks Pty. Ltd formed in Melbourne, Australia to assemble imported completely knocked down (CKD) units.
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1965
New President — Charles M Pigott takes over as President, the third generation of the Pigott family to run the company.
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1962
A Landmark Job — Pacific Car & Foundry fabricates steel for Seattle's iconic Space Needle, built for the 1962 World's Fair.
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1960
Kenworth Expands Into Mexico — Kenworth Mexicana is incorporated. Over the years, Kenworth has grown to be Mexico's largest producer of heavy-duty trucks.
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1958
Peterbilt Gets on Board — With the purchase of Peterbilt Motors Company, Pacific Car & Foundry significantly increases its heavy-duty truck capability.
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1955
Kenworth's first international subsidiary Canadian Kenworth Limited, is formed and begins producing trucks, in Burnaby, British Columbia.
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1949
Daf Trucks begins producing its first truck, the model A-30, in small numbers. Four years later, the factory receives a huge order for military trucks, setting the course for large-scale truck production.
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1945
A New Home for Kenworth — 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.
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1941
America Goes to War — Pacific Car joins the war effort by supplying Sherman Tanks, components for Boeing B-17 bombers, steel for new defense factories, and logging and mining equipment.
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1939
Peterbilt Gears Up — TA Peterman acquires Fageol Motor Car, changes the name to Peterbilt Trucks, and begins producing acclaimed chain-drive trucks for the timber industry.
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1936
Pacific Car Forges Ahead — Pacific Car and Foundry patents Carcometal, a strong lightweight steel for use in dams, ridges, and buidings.
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1934
The Return of Pacific Car — 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, Pigott diversifies into other products, including the Carco line of power winches.
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1933
The Country's First Diesel Truck — Kenworth becomes the first American truck manufacturer to install diesel engines as standard equipment.
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1929
Kenworth Expands — Amid a production boom, Kenworth opens a new Seattle factory — a move that positions the company for rapid growth.
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1928
DAF Takes Root — The Netherlands: Wim and Huub van Doorne establish the engineering company that will become Van Doome's Trailer Company - abbreviated DAF.
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1924
Pacific Car and Foundry Sold — William Pigott Sr. sells control of the company to American Car and Foundry.
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1923
Kenworth Motors is Born — Kent and Worthington rename their young company Kenworth Motor Truck Company and establish headquarters in Seattle.
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1917
Kenworth's Founders — Edgar Worthington and partner Captain Frederick Kent acquire Gerlinger Motor Car Company and rename it the Gersix Motor Company. Seattle Car & Foundry merges with Twohy Brothers Company. The company is renamed Pacific Car and Foundry Co.
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1915
The Precursor of Peterbilt — Oakland, California: Fageol Motor Car Company, precursor to Peterbilt Motors Company is founded.
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1914
Built for the Northwest — Seattle, WA: Gerlinger Motor Car Company unveils the Gersix, a six-cylinder vehicle framed in structural steel that makes it ideal for the rugged Northwest.
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1911
A Sign of Strength — Seattle Car is renamed Seattle Car and Foundry Co. to better reflect innovative steel-making capabilities for the rapidly growing West Coast.
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1908
On the Right Track — Seattle Car open s a 120-acre railcar assembly plant in Renton, Washington.
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1905
Seattle on the Move — Seattle, Washington: William Pigott, Sr. founds Seattle Car Manufacturing Co. to produce railway and logging equipment.
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1898
America's First Truck — Winton Motor Carriage Company produces the first American truck, a gasoline-powered delivery wagon.
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1896
The Forerunner of Leyland Trucks — James Sumner and Henry Spurrier form the Lancashire Steam Motor Company, later renamed Leland Motors. Soon after, they roll out a 1.5-ton capacity steam-powered van.
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1893
A Pioneering Type — Leyland, Lancashire, England: James Sumner designs the first steam-powered lawn mower.
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1876
Steaming Ahead — Plant & Hancock is renamed Edwin Foden Sons & Co. Ltd. And development work immediately commences on Foden's concepts for a superior steam.
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1856
An Iconic Career Begins — Cheshire, England: Edwin Foden, aged 15, becomes an apprentice at agricultural equipment manufacturer Plant & Hancock. Ten years later, through diligence and hard work, he is made partner.
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1770
Cugnot's Steam Wagon — French inventor Nicolas-Joseph Cugnot builds the first self-propelled mechanical vehicle.
100 Years of Excellence Video
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2014
Kenworth produced its one millionth truck at its Chillicothe, Ohio, assembly facility. The truck was an aerodynamic Kenworth T680 Advantage powered by a PACCAR MX-13 engine. Kenworth employees celebrated the vehicle presentation to TransAm Trucking of Olathe, Kansas.
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2014
DAF’s cab factory in Westerlo, Belgium, produced its one millionth DAF cab.
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2014
Peterbilt celebrated its 75th anniversary. In 1939, T.A. Peterman founded Peterbilt in Oakland, California, to manufacture specialized, heavy-duty trucks. Peterbilt has produced more than 800,000 commercial vehicles in its history.
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2013
PACCAR celebrated the launch of its new DAF assembly plant in Ponta Grossa, Brasil in the state of Parana. The opening ceremony held on October 2, 2013 was led by Mark Pigott, PACCAR chairman and chief executive officer, and Parana Governor, Beto Richa. Attendees included state and local officials, DAF Brasil employees, dealers, suppliers, transport companies, and business and educational leaders.
-
2012
PACCAR Begins Construction of DAF Factory in Brasil — PACCAR began construction of its new DAF assembly plant in Ponta Grossa, Brasil.
-
2011
PACCAR Establishes Technical Center in Pune, India with its partner KPIT, a leading technology solutions company.
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2011
#1 Technology Ranking in InformationWeek Magazine — PACCAR earned the number one technology position in InformationWeek magazine's 2011 Top 500 company listing as a result of the development of its new TruckerLink application that builds upon the PACCAR Connected Truck program.
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2010
PACCAR Launches MX Engine in North America — to be installed in Kenworth and Peterbilt trucks by summer 2010.
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2009
PACCAR Honored for Environmental Leadership — PACCAR's corporate office and its Kenworth Truck company manufacturing facility in Renton are named as leaders in King County, Washington's 2009 Best Workplaces for Recyclers.
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2008
Demand for Growth — PACCAR breaks ground for a new $400 million powertrain manufacturing and assembly facility near Columbus, Mississippi.
-
2007
DAF Leads Industry — PACCAR earns the coveted International Truck of the Year 2007 award for its top-of-the-line DAF XF 105. Kenworth is awarded three JD Power and Associates awards for customer satisfaction among class 8 truck owners.
-
2006
Looking Forward — PACCAR accelerates its hybrid vehicle programs and is awarded the 2006 National Medal of Technology, the nation's highest honor for technological innovation, by the President of the US.
-
2005
A Century of Quality — PACCAR celebrates its one-hundredth year of operation with record sales. A testament to the company's commitment to quality, Kenworth wins five of six JD Power and Associates awards in the heavy and medium truck categories.
-
2004
Hallmark Achievements — PACCAR wins the International Stevie Award for Best Multinational Company. Kenworth ranks highest in customer satisfaction for vocational Class 8 segment and medium-duty truck service in the 2004 JD Power & Associates Customer Satisfaction Studies.
-
2003
Engineering Excellence Awarded — Kenworth and Peterbilt sweep the 2003 JD Power and Associates Awards for Customer Satisfaction among Class 8 truck drivers, and Peterbilt wins in the medium-duty conventional truck category for the fourth time since 1999.
-
2002
DAF Earns Industry Acclaim — The DAF LF wins the 2002 International Truck of the Year Award.
-
1999
Peterbilt Takes Top Honors — The Peterbilt 330 is the highest ranked medium-duty conventional truck in the JD Power and Associates Customer Satisfaction Survey.
-
1998
Leyland Trucks Joins PACCAR — PACCAR acquires Leyland Trucks, today one of Britain's leading manufacting companies. The top-selling DAF 95XF wins the prestigious International Truck of the Year 1998 award and Kenworth celebrates its 75th anniversary.
-
1997
Founding Principles — Mark Pigott becomes Chairman and CEO carrying forward his great-grandfather's vision and legacy. Kenworth opens a manufacturing plant in Ste-Thérèse, Québec.
-
1996
PACCAR Acquires DAF — PACCAR acquires DAF Trucks NV, greatly expanding its European truck manufacturing capability.
-
1995
Kenworth Recognized — Kenworth T600 receives the National Award for the Advancement of Motor Vehicle Research and Development.
-
1993
New Factory Opens — A new Kenworth assembly plant opens in Renton, Washington on the former site of Pacific Car & Foundry.
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1986
Peterbilt Introduces 379 — The company's all-time best-selling truck.
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1982
A New Standard — PACCAR Technical Center, a multi-million dollar research and testing facility, opens near Mount Vernon. Washington to ensure the highest standard of quality, durability, and reliability.
-
1980
PACCAR Enters Europe — PACCAR acquires Foden Trucks, one of the oldest truck producers in the world. PACCAR Leasing Corporation forms to provide full-service leasing and rental through PACCAR's dealer network.
-
1979
Heavy Lifting — Kenworth develops a 90-wheel transporter used to move the space shuttle from the hanger to the flight assembly building.
-
1978
Kenworth in Asia — PACCAR receives an order from the People's Republic of China for 22 Kenworth trucks.
-
1973
Deeper Expansion — 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.
-
1973
International Focus — PACCAR International Inc. forms in Bellevue, Washington, to consolidate sales and services of company products overseas.
-
1972
PACCAR Established — Pacific Car and Foundry Co. becomes PACCAR Inc on January 25, 1972, a name change that reflects the company's expanding products and global reach. That same year, Kenworth celebrates its 50th anniversary.
-
1971
First Australian Kenworth — The first "Australian-made" Kenworth, a K12CR, is built in a newly completed factory in Melbourne.
-
1967
A New Division — The Dynacraft division is formed to provide belts, hoses, adapters, and accessories for Kenworth and Peterbilt truck plants.
-
1966
Kenworth Enters Australia — Kenworth Motor Trucks Pty. Ltd formed in Melbourne, Australia to assemble imported completely knocked down (CKD) units.
-
1965
New President — Charles M Pigott takes over as President, the third generation of the Pigott family to run the company.
-
1962
A Landmark Job — Pacific Car & Foundry fabricates steel for Seattle's iconic Space Needle, built for the 1962 World's Fair.
-
1960
Kenworth Expands Into Mexico — Kenworth Mexicana is incorporated. Over the years, Kenworth has grown to be Mexico's largest producer of heavy-duty trucks.
-
1958
Peterbilt Gets on Board — With the purchase of Peterbilt Motors Company, Pacific Car & Foundry significantly increases its heavy-duty truck capability.
-
1955
Kenworth's first international subsidiary Canadian Kenworth Limited, is formed and begins producing trucks, in Burnaby, British Columbia.
-
1949
Daf Trucks begins producing its first truck, the model A-30, in small numbers. Four years later, the factory receives a huge order for military trucks, setting the course for large-scale truck production.
-
1945
A New Home for Kenworth — 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.
-
1941
America Goes to War — Pacific Car joins the war effort by supplying Sherman Tanks, components for Boeing B-17 bombers, steel for new defense factories, and logging and mining equipment.
-
1939
Peterbilt Gears Up — TA Peterman acquires Fageol Motor Car, changes the name to Peterbilt Trucks, and begins producing acclaimed chain-drive trucks for the timber industry.
-
1936
Pacific Car Forges Ahead — Pacific Car and Foundry patents Carcometal, a strong lightweight steel for use in dams, ridges, and buidings.
-
1934
The Return of Pacific Car — 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, Pigott diversifies into other products, including the Carco line of power winches.
-
1933
The Country's First Diesel Truck — Kenworth becomes the first American truck manufacturer to install diesel engines as standard equipment.
-
1929
Kenworth Expands — Amid a production boom, Kenworth opens a new Seattle factory — a move that positions the company for rapid growth.
-
1928
DAF Takes Root — The Netherlands: Wim and Huub van Doorne establish the engineering company that will become Van Doome's Trailer Company - abbreviated DAF.
-
1924
Pacific Car and Foundry Sold — William Pigott Sr. sells control of the company to American Car and Foundry.
-
1923
Kenworth Motors is Born — Kent and Worthington rename their young company Kenworth Motor Truck Company and establish headquarters in Seattle.
-
1917
Kenworth's Founders — Edgar Worthington and partner Captain Frederick Kent acquire Gerlinger Motor Car Company and rename it the Gersix Motor Company. Seattle Car & Foundry merges with Twohy Brothers Company. The company is renamed Pacific Car and Foundry Co.
-
1915
The Precursor of Peterbilt — Oakland, California: Fageol Motor Car Company, precursor to Peterbilt Motors Company is founded.
-
1914
Built for the Northwest — Seattle, WA: Gerlinger Motor Car Company unveils the Gersix, a six-cylinder vehicle framed in structural steel that makes it ideal for the rugged Northwest.
-
1911
A Sign of Strength — Seattle Car is renamed Seattle Car and Foundry Co. to better reflect innovative steel-making capabilities for the rapidly growing West Coast.
-
1908
On the Right Track — Seattle Car open s a 120-acre railcar assembly plant in Renton, Washington.
-
1905
Seattle on the Move — Seattle, Washington: William Pigott, Sr. founds Seattle Car Manufacturing Co. to produce railway and logging equipment.
-
1898
America's First Truck — Winton Motor Carriage Company produces the first American truck, a gasoline-powered delivery wagon.
-
1896
The Forerunner of Leyland Trucks — James Sumner and Henry Spurrier form the Lancashire Steam Motor Company, later renamed Leland Motors. Soon after, they roll out a 1.5-ton capacity steam-powered van.
-
1893
A Pioneering Type — Leyland, Lancashire, England: James Sumner designs the first steam-powered lawn mower.
-
1876
Steaming Ahead — Plant & Hancock is renamed Edwin Foden Sons & Co. Ltd. And development work immediately commences on Foden's concepts for a superior steam.
-
1856
An Iconic Career Begins — Cheshire, England: Edwin Foden, aged 15, becomes an apprentice at agricultural equipment manufacturer Plant & Hancock. Ten years later, through diligence and hard work, he is made partner.
-
1770
Cugnot's Steam Wagon — French inventor Nicolas-Joseph Cugnot builds the first self-propelled mechanical vehicle.
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.
The Company entered the heavy-duty truck market in 1945 with its first major acquisition, Kenworth Motor Truck Company of Seattle. Pacific Car and Foundry greatly expanded its heavy-duty truck capability with the purchase of Peterbilt Motors Company in 1958. That same year, the acquisition of Dart Truck Company permitted its entry into the entirely new market of mining vehicles.
The Company's Structural Steel Division fabricated the steel for the construction of the Space Needle for the 1962 Seattle World's Fair. Later, it played a major part in the construction of Grand Coulee's third powerhouse as well as New York's World Trade Center.
In 1960, PACCAR became an international truck manufacturer. Kenworth moved into Mexico with 49 percent participation in an affiliate company, Kenworth Mexicana S.A. de C.V., and in 1966 PACCAR entered the Australian truck market with the establishment of a Kenworth Truck assembly plant near Melbourne.
Also in 1960, Carco Acceptance Corporation, currently PACCAR Financial Corp., was launched to facilitate domestic sales of trucks.
In 1967 the Dynacraft division was formed to provide belts, hoses, adapters, and other accessories for Kenworth and Peterbilt truck plants. In 1969, 28 acres of land were purchased at suburban Bayswater - 30 kms east of Melbourne for Kenworth Australia. Construction plans were drawn up and by 1970, the 56,000 sq ft factory and office complex was completed to produce trucks initially on a CKD (Completely Knocked Down) basis. During Kenworth Australia's 35 year history in Australia, it has become a major manufacturing force in the Australian, New Zealand and Papua New Guinea markets.
Believing "Pacific Car and Foundry Company" no longer accurately reflected the Company's products and activities, directors and shareholders voted to adopt PACCAR Inc (no punctuation) as its new name in 1972. Pacific Car and Foundry Company, located in the original Renton facility, became a division.
In 1973, two major divisions of PACCAR were founded. PACCAR International Inc., with headquarters in Bellevue, Washington, was formed to consolidate the sales and service of company products abroad, and PACCAR Parts Division was established in Renton to supply aftermarket parts sales.
PACCAR Leasing Corporation was formed in 1980 to offer full-service leasing and rental programs through PACCAR's dealer network. A year later, PACCAR became a European truck manufacturer with the acquisition of Foden Trucks in Sandbach, U.K.
PACCAR's new Technical Center opened in July of 1982. Located approximately 65 miles north of Seattle, the multimillion-dollar center underscored the Company's commitment to technical excellence, quality and value in the products it manufactures.
In 1986, PACCAR signed a merger agreement with Trico Industries, Inc., and became a recognized world leader in manufacturing oil field pumps and accessories. In December 1997 Trico was sold to EVI of Houston.
In 1987, PACCAR acquired Washington-based Al's Auto Supply, an aftermarket retailer and wholesale distributor of auto parts and accessories. In 1988, PACCAR expanded its subsidiary PACCAR Automotive, Inc. when it purchased Grand Auto, Inc., a California-based retailer of auto parts and accessories. In October 1999, PACCAR Automotive was sold to CSK Auto, Inc.
PACCAR solidified its place in the Mexican heavy-duty truck market by purchasing the remaining portion of its Mexican Operation, VILPAC, S.A. in 1995.
The acquisition of DAF Trucks N.V. in 1996 and Leyland Trucks in 1998 solidified PACCAR's position as one of the major truck manufacturers in the world. DAF Trucks is a Netherlands based truck company with production facilities in Eindhoven, the Netherlands and Westerlo, Belgium. Leyland manufactures trucks in the 6-18 ton commercial segment at its plant in Lancashire, England.
Today, PACCAR is a global technology leader in the design, manufacture and customer support of high-quality light-, medium and heavy-duty trucks under the Kenworth, Peterbilt and DAF nameplates. It also provides financial services and information technology and distributes truck parts related to its principal business.