GM and Navistar Reach Commercial Vehicle Agreement
“Bringing medium-duty conventional cab trucks back into the portfolio strengthens Chevrolet’s commitment to providing commercial customers with more choices and one-stop shopping for a versatile lineup of trucks, vans and crossovers,” said Ed Peper, U.S. vice president of GM Fleet and Commercial sales.
The future trucks will be jointly developed using Navistar’s expertise in rolling chassis configurations and manufacturing capabilities, and GM’s commercial components and engines. The vehicles are slated for production in 2018 and will be manufactured at Navistar’s facility in Springfield, Ohio.
According to Navistar, it plans to add 300 jobs and invest more than \\$12 million in facility upgrades and state-of-the-art equipment to produce the new vehicles.
“Our collaboration with GM is another example of our customer-centric, open integration approach – providing our customers with the best technologies available,” said Bill Kozek, president, Truck and Parts, Navistar. “By working with an industry-leading partner like GM, we’ll be able to enhance our medium-duty product portfolio and leverage our scale and expertise in manufacturing medium-duty trucks.”
Specific terms of the agreement were not disclosed. Additional product information will be announced later.
About General Motors
General Motors Co. (NYSE:GM, TSX: GMM) and its partners produce vehicles in 30 countries, and the company has leadership positions in the world's largest and fastest-growing automotive markets. GM, its subsidiaries and joint venture entities sell vehicles under the Chevrolet, Cadillac, Baojun, Buick, GMC, Holden, Jiefang, Opel, Vauxhall and Wuling brands. More information on the company and its subsidiaries, including OnStar, a global leader in vehicle safety, security and information services, can be found at http://www.gm.com