PACCAR Wins International Stevie Business Award

March 4, 2004, Bellevue, Washington PACCAR Inc has won the International Stevie Award for Best Multinational Company in the first-ever International Business Awards.  PACCAR also received a Certificate of Finalist Recognition in Best Overall Company and Best Facility categories.  The International Business Awards are the first global, all-encompassing business awards program honoring exemplary companies and individuals.

The Stevies were created by Michael Gallagher to honor and generate public recognition for the efforts, accomplishments and positive contributions of companies and business people worldwide.  Honoring companies of all types and sizes and the people behind them, the Awards recognize outstanding leadership, innovation, perseverance, creativity, teamwork and integrity through more than 40 categories.

Recipients of 67 International Stevie Award trophies were selected from among almost 500 nominations received from companies and individuals in more than 30 countries.  Countries with at least one International Stevie winner each include the U.S.A., the United Kingdom, India, Australia, Belgium, Brazil, Canada, the Czech Republic, Germany, South Korea, Norway, Peru, Portugal, Russia, Singapore, South Africa, Spain, Sweden and Thailand.

PACCAR was selected as a winner due to the companys focus on producing the highest-quality products in the market, complemented by rigorous cost controls and the innovative use of technology in all facets of its business, which has enabled the company to achieve steady profitable growth for decades.  PACCAR has earned a net profit for 65 consecutive years and paid a dividend every year since 1941.

"We congratulate all Finalists and winners of the historic, first International Stevie Awards," said Michael Gallagher, founder and president of The Stevie Awards, the organization that runs The International Business Awards.  "Their stories of integrity, creativity, perseverance, humanity and profitability will be rightly honored during our gala March 22 awards dinner in New York."

PACCARs 17,000 dedicated employees have set the industry standard for exemplary performance in all aspects of the business, said Mark C. Pigott, chairman and chief executive officer.  Their ingenuity and customer focus have propelled PACCAR to the highest quality level and this wonderful Stevie Award recognizes their accomplishments.

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, DAF and Foden nameplates.  It also provides financial services and distributes truck parts related to its principal business.  In addition, the Bellevue, Washington-based company manufactures winches under the Braden, Gearmatic and Carco nameplates.
PACCAR shares are traded on the Nasdaq Stock Market, symbol PCAR, and its homepage can be found at www.paccar.com.

Complete lists of International Stevie winners and other details are available at www.stevieawards.com/iba.