PCAR2003_10-K

1) PACCAR Inc is a manufacturer of light, medium, and heavy-duty trucks sold under brands like Peterbilt, Kenworth, DAF, and Foden. 2) The company operates truck manufacturing plants in the US, Europe, Australia, Canada, and Mexico. Trucks and parts sales make up over 90% of the company's business. 3) PACCAR competes in both the North American and European commercial vehicle markets. While it uses independent dealers to distribute trucks and parts, it also provides financing and leasing services related to its products.