General Motors Co. and Navistar International Corp. have reached a long-term agreement to develop medium-duty commercial trucks, paving the way for the auto maker’s return to a segment it abandoned six years ago.
Under the deal, GM will supply components and engines to Navistar which will build the trucks at its Springfield, Ohio, plant starting in 2018. Navistar will add 300 jobs and invest more than $12 million in the factory. Exact terms of the deal weren’t disclosed, but the trucks will feature GM-built engines.
- 15 Dec, 2015
- Double H Author
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