GM and Navistar to develop and make commercial trucks
(Reuters) - U.S. automaker General Motors Co said on Wednesday it will jointly develop and assemble medium-duty commercial vehicles with truck and engine maker Navistar International Corp.
GM said on Wednesday the agreement will help boost its Chevrolet commercial truck business.
The move "strengthens Chevrolet's providing commercial customers with more choices and one-stop shopping for a versatile lineup of trucks, vans and crossovers," Ed Peper, GM's U.S. vice president of fleet and commercial sales said in a statement.
The future products will be jointly developed using Navistar's rolling chassis configurations and manufacturing capabilities, and GM commercial components and engines.
Production will begin in 2018 at Navistar's plant in Springfield, Ohio.
Navistar said it would add 300 jobs and invest more than $12 million to upgrade the factory and equipment.
The companies did not disclose specific terms of the agreement.
The deal with GM will help Navistar "enhance our medium-duty product portfolio and leverage our scale and expertise in manufacturing medium-duty trucks," said Bill Kozek, president of trucks and parts at Navistar.
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