Peterbilt Motors
Peterbilt Motors Company is an American truck manufacturer. Established in 1939 from the acquisition of Fageol Truck and Motor Company, Peterbilt specializes in the production of heavy-duty ( Class 8) and medium-duty (Classes 5–7) commercial vehicles. The namesake of company founder T. A. "Al" Peterman, Peterbilt has operated as part of PACCAR since 1958, operating alongside sister division Kenworth Truck Company (though serving as one of the longest-running marketplace rivalries in American truck manufacturing). Peterbilt trucks are identified by a large red-oval brand emblem, in use since 1953. The company also uses a "bird"-style hood ornament on conventional-cab trucks, in use since 1965. Headquartered in Denton, Texas, the company also manufactures trucks at PACCAR facilities in Sainte-Thérèse, Quebec, Canada and Mexicali, Mexico. History Background In the first third of the 20th century, transportation in the lumber industry remained time-consuming, a ...
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Division (business)
A division, sometimes called a business sector or business unit (segment), is one of the parts into which a business, organization or company is divided. Overview Divisions are distinct parts of a business. If these divisions are all part of the same company, then that company is legally responsible for all of the obligations and debts of the divisions. In the banking industry, an example would be East West Bancorp and its primary subsidiary, East West Bank. Legal responsibility Subsidiaries are separate, distinct legal entities for the purposes of tax A tax is a compulsory financial charge or some other type of levy imposed on a taxpayer (an individual or legal entity) by a governmental organization in order to fund government spending and various public expenditures (regional, local, or n ...ation, regulation and Legal liability, liability. For this reason, they differ from divisions, which are businesses fully integrated within the main company, and not legally ...
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