October 1, 2015 by Minuteman Trucks
Navistar will add upwards of 300 jobs and invest nearly $13 million in its Springfield, Ohio truck assemby facility, the Dayton Daily News is reporting.
The Ohio Tax Credit Authority approved a 60 percent, six-year income tax credit earlier this week, which is expected to help Navistar double the number of vehicles produced in Springfield. The company says it will also invest $12.8 million in new machinery and equipment.
As part of the agreement, the newspaper reported Navistar is required to keep operations in Springfield for at least nine years.
Navistar employs between 1,400 and 1,500 workers at its Clark County manufacturing site, but those numbers had dwindled to a few hundred in the throws of the recession four years ago.
UPDATE: General Motors Co. says it will reenter the Class 4 and 5 truck market, but this time will bring along Navistar as a partner. The vehicles are slated for production in 2018 and will be manufactured at Navistar’s facility in Springfield, thanks in large part to the expansion and investment the company is making in the facility there.
The two companies announced Tuesday they have reached a long-term agreement to develop and assemble future medium duty, conventional cab Class 4 and 5 commercial vehicles.