PACCAR Inc (PACCAR) is involved in the design, manufacture, and distribution of commercial trucks, aftermarket parts, and financial services. It operates in the truck manufacturing industry, serving markets in North America, Europe, Australia, and South America. PACCAR's trucks are marketed under the Kenworth, Peterbilt, and DAF nameplates.

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The company R&D initiatives focus on demonstration and development projects for Kenworth, Peterbilt, and DAF vehicles, including battery-electric, hydrogen combustion, and hybrid technologies. The company is investing in next-generation clean diesel and alternative powertrains, integrated connected vehicle services, flexible manufacturing capabilities, and autonomous and advanced driver assistance systems. Additionally, PACCAR is embedding artificial intelligence across its business to drive innovation, profitable growth, and enhanced performance for its customers. The R&D units of PACCAR are located in the state of Washington and the Netherlands, with an innovation center in Sunnyvale, California. These units are responsible for product testing, research and development, and driving innovation in vehicle technologies. In FY2025, the company incurred R&D expenses of US$445.5 million, which as a percentage of revenue, stood at 1.6%.