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Navistar to build GM trucks as part of deal to add 300 jobs
ECONOMY
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Navistar employees work on the assembly line at the Springfield plant. Bill Lackey/Staff
Navistar to build GM trucks as part of deal to add 300 jobs
By Matt Sanctis
Staff Writer
Updated: 19 minutes ago
Navistar has reached a joint agreement with General Motors Co. to assemble medium-duty GM trucks in Springfield, the manufacturers announced today.
Both companies will collaborate to develop the trucks jointly, using Navistar’s expertise in chassis configurations and manufacturing capabilities, and GM’s commercial components and engines. The deal will result in 300 new jobs and a $12 million investment in Navistar’s Springfield facility.
The agreement will allow Navistar to strengthen its product lineup and GM to expand its Chevrolet commercial truck portfolio, according to information from Navistar.
“By working with an industry-leading company like GM, we’ll be able to enhance our medium-duty product and leverage our scale and expertise in manufacturing medium-duty trucks,” said Bill Kozek, president of truck and parts for Navistar in a news release.
Production is scheduled to begin in 2018, and most of Navistar’s $12 million investment will go toward upgrades at the Springfield plant and new equipment to produce the new vehicles.
Earlier this week, the Ohio Tax Credit Authority approved a 60 percent, six-year income tax credit for Navistar. The new jobs will mean $10.3 million in additional payroll and allow the Springfield plant to retain more than $38 million in existing payroll, according to information from the state.
The new agreement is a dramatic turnaround from just five years ago when the Springfield plant had only a few hundred workers. Earlier this week, the Ohio Tax Credit Authority approved a 60 percent, six-year income tax credit for Navistar.
The site now employs between 1,400 and 1,500 workers, including management and contractors, and thousands of company retirees still live in the region.
By the numbers:
300 — New jobs to be added in Springfield
$12 million — Navistar’s investment in Springfield
2018 — Expected start of production
$10.3 million — Payroll expected to be added locally
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