Navistar to build GM trucks in Springfield

“It allows GM to expand, primarily, its Chevrolet commercial truck portfolio and Navistar to strengthen its global truck line-up”, he said. The partnership is going to help Navistar add 300 new jobs and also made a decision to spend $12 million to update the plant and equipment.

“Navistar has a storied history in our community”, said Mike McDorman, president and CEO, Springfield Chamber of Commerce.

Navistar’s plant located in Springfield, Ohio will commence production in 2018.

The current global TerraStar will be replaced by the new products developed with GM.

Kozek said the new trucks will be jointly engineered to leverage Navistar’s manufacturing expertise and GM’s expertise in commercial components and engines.

GM spokesman Bob Wheeler declined to speculate on the engine or powertrian options that would be featured in the trucks but says the trucks will be co-branded, with Navistar and Chevrolet dealers each getting a version with “some cosmetic differences” between the two.

The deal, Kozek added, “is another of the pillars of our customer-centric approach, providing customers with the best technology available, regardless of the manufacturer”.

Navistar, in a statement, said the deal will help it enhance its medium-duty portfolio and use its scale. The company’s strengths can be seen in multiple areas, such as its compelling growth in net income, good cash flow from operations, impressive record of earnings per share growth, notable return on equity and largely solid financial position with reasonable debt levels by most measures.

Navistar had since a long time ago ruled over the medium-duty market, however lost market share as of late after the appalling strategy for treating diesel motor fumes undermined truck dependability, making clients armada to other truck brands.