LISLE, Ill., Feb. 11, 2021 /PRNewswire/ -- Navistar
International Corporation (NYSE: NAV) acquired a new property in
San Antonio, which includes
existing buildings that will house support functions for its
under-construction plant in the area. Navistar's total investment
in the region will exceed $275
million and create over 650 jobs, pending local incentive
approvals.
The expansion in Texas is part
of Navistar 4.0, the company's enterprise-wide growth strategy.
Navistar's under-construction 900,000-square-foot plant in
San Antonio will produce Class 6-8
vehicles, including new electric-powered trucks. The
additional property will bring resources closer to manufacturing
operations.
"We're increasing our investment in San Antonio because local and state leaders
have created a business climate that supports manufacturing
innovation and has attracted a talented workforce," said
Persio Lisboa, Navistar president
and CEO. "Our Navistar 4.0 growth strategy is on track, and our new
investment in San Antonio is
another important step that will enable us to create a competitive
advantage in the technology space."
The new property will also house a state-of-the-art truck
validation center to test and validate components of the company's
growing electric truck business, and a truck specialty center to
provide post-production customization of vehicles to support
customers' business needs.
"Our expanded footprint in Texas near our manufacturing plant will allow
us to dedicate space to new technologies like self-driving and
connected vehicles, as well as support our growing investments in
electrification and fuel cells," said Phil
Christman, president of operations for Navistar. "Our team
in Texas will work in tandem with
our colleagues at our Lisle
headquarters, the Navistar Proving Grounds and other operations to
support making best-in-class products."
The new property is approximately eight miles from Navistar's
under-construction plant in San
Antonio. Project engineers responsible for designing and
finishing the San Antonio plant
expect to begin working at the new property by June 2021. The new site will host hiring events
and training for future workers to support the launch of
manufacturing operations at the San
Antonio plant in 2022.
Navistar continues working with the San Antonio Economic
Development Foundation, as well as local and state governments to
support the company's growth in the market. Next month, the
City of San Antonio and
Bexar County will consider
economic development incentives packages to support Navistar's
increased investment in the region.
This new investment in San
Antonio builds on other important steps Navistar has taken
to drive its leadership in manufacturing advanced-technology
products, including the company's investment of $125 million in its Huntsville, Ala. facility to produce
next-generation big-bore powertrains.
About Navistar
Navistar International Corporation
(NYSE: NAV) is a holding company whose subsidiaries and affiliates
produce International® brand commercial trucks,
proprietary diesel engines, and IC Bus® brand school and
commercial buses. An affiliate also provides truck and diesel
engine service parts. Another affiliate offers financing services.
Additional information is available at www.Navistar.com.
All marks are trademarks of their respective owners.
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SOURCE Navistar International Corporation