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PACCAR Australia history
PACCAR Australia company history timeline
In November 1971 Pacific Car & Foundry created a holding company, incorporated in Delaware, called PACCAR Incorporated.
Inflation and high oil prices in 1974 led trucking companies to use their equipment more efficiently, which, in turn, caused a decline in new truck orders.
PACCAR was also interested in acquiring the Bell Helicopter division of Textron, a unit it first attempted to purchase in 1985.
Plagued by overcapacity, PACCAR was forced to close a Kenworth plant in Kansas City in April 1986 and a Peterbilt plant in Newark, California, the following October.
In 1988 PACCAR bought Grand Auto, Inc., another auto parts and accessories retailer, and folded the new stores into the PACCAR Automotive subsidiary.
PACCAR's finances improved slightly in 1992, when profits rose to $65 million.
Robert Stovall, in a 1994 Financial World article, named PACCAR "the premier long-term investment in the heavy hauling business."
In 1994 the company began selling in New Zealand for the first time and entered new countries in Asia and Central and South America.
In 1996 the company spent $543 million to acquire DAF Trucks N.V. Based in the Netherlands, DAF sold over 24,000 trucks in Europe in 1996 and employed around 5,000 people.
The acquisitions helped push PACCAR's revenues to $6.5 billion in 1997.
PACCAR was recognised as a technology leader in InformationWeek magazine’s ‘2015 Elite 100 Companies’.
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Zippia gives an in-depth look into the details of PACCAR Australia, including salaries, political affiliations, employee data, and more, in order to inform job seekers about PACCAR Australia. The employee data is based on information from people who have self-reported their past or current employments at PACCAR Australia. The data on this page is also based on data sources collected from public and open data sources on the Internet and other locations, as well as proprietary data we licensed from other companies. Sources of data may include, but are not limited to, the BLS, company filings, estimates based on those filings, H1B filings, and other public and private datasets. While we have made attempts to ensure that the information displayed are correct, Zippia is not responsible for any errors or omissions or for the results obtained from the use of this information. None of the information on this page has been provided or approved by PACCAR Australia. The data presented on this page does not represent the view of PACCAR Australia and its employees or that of Zippia.
PACCAR Australia may also be known as or be related to PACCAR Australia and Paccar Australia.