What the changes say
- Climate-related laws and accords may raise compliance costs, change product plans, or affect results.
- Emissions risk now identifies specific EPA, EU, and heavy-duty vehicle regulations.
- Cybersecurity risk is substantively unchanged, with only minor wording updates about telematics data.
What changed since the prior 10-K
New
- NewPolitical, Regulatory and Economic Risks
The Company’s product planning is aligned with these statutory and regulatory requirements. Even without legislation to reduce greenhouse gas emissions, PACCAR expects to continue to significantly invest in technologies to improve fuel efficiency for its customers, which would further reduce greenhouse gas emissions
Evolving climate laws and international accords could increase environmental compliance costs, alter product development, or hurt business results.
Reworded
- 57% rewrittenPolitical, Regulatory and Economic Risks
Emissions Requirements and Reduction Targets
The risk now names specific EPA, EU, and heavy-duty vehicle emissions rules, including greenhouse-gas, Low NOx, and CO2-monitoring requirements.
- 25% rewrittenBusiness and Industry Risks
Information Technology, Cybersecurity and AI
The telematics description changes from real-time analytics on driver and vehicle performance to real-time data, without changing the underlying cyber threats.
Was: Information Technology and Cybersecurity
All 12 risk factors
Headings as the filing states them, in filing order.
Business and Industry Risks
- 01Commercial Truck Market Demand is Variable
- 02Competition and Prices
- 03Production Costs, Capacity and Inflation
- 04Transition Risks Related to Climate Change
- 05Liquidity Risks, Credit Ratings and Costs of Funds
- 06The Financial Services Industry is Highly Competitive
- 07The Financial Services Segment is Subject to Credit Risk
- 08Information Technology, Cybersecurity and AI25% rewritten
Political, Regulatory and Economic Risks
- 09Emissions Requirements and Reduction Targets57% rewritten
- 10The Company’s product planning is aligned with these statutory and regulatory requirements. Even without legislation to reduce greenhouse gas emissions, PACCAR expects to continue to significantly invest in technologies to improve fuel efficiency for its customers, which would further reduce greenhouse gas emissionsNew
- 11Recalls, Litigation, Product Liability and Regulatory
- 12Currency Exchange and Translation
Other Paccar 10-Ks
- FY2024 10-K risk factors11 risks
PACCAR’s risks center on truck demand, competition, production costs, and regulatory requirements.
Filed Feb 19, 2025
About this page
The headings are the filing's own. The one-line readings and the overview are automated and can be wrong: read Item 1A of the 10-K for the exact wording.