• DATVF.VWU
    1.677
    -0.037
    -2.2%
  • DATVF.LAXDAL
    1.659
    0.011
    0.7%
  • DATVF.VNU
    1.516
    -0.026
    -1.7%
  • DATVF.VEU
    1.599
    -0.038
    -2.3%
  • DATVF.PHLCHI
    0.957
    -0.003
    -0.3%
  • DATVF.CHIATL
    2.049
    -0.027
    -1.3%
  • DATVF.VSU
    1.271
    -0.004
    -0.3%
  • DATVF.ATLPHL
    1.791
    -0.084
    -4.5%
  • DATVF.SEALAX
    1.201
    -0.073
    -5.7%
  • DATVF.DALLAX
    0.883
    -0.018
    -2%
  • DATVF.LAXSEA
    2.154
    -0.001
    0%
  • ITVI.USA
    9,525.320
    2,117.540
    28.6%
  • OTRI.USA
    7.960
    0.580
    7.9%
  • OTVI.USA
    9,532.060
    2,137.780
    28.9%
  • TLT.USA
    2.700
    -0.010
    -0.4%
  • WAIT.USA
    158.000
    8.000
    5.3%
  • DATVF.VWU
    1.677
    -0.037
    -2.2%
  • DATVF.LAXDAL
    1.659
    0.011
    0.7%
  • DATVF.VNU
    1.516
    -0.026
    -1.7%
  • DATVF.VEU
    1.599
    -0.038
    -2.3%
  • DATVF.PHLCHI
    0.957
    -0.003
    -0.3%
  • DATVF.CHIATL
    2.049
    -0.027
    -1.3%
  • DATVF.VSU
    1.271
    -0.004
    -0.3%
  • DATVF.ATLPHL
    1.791
    -0.084
    -4.5%
  • DATVF.SEALAX
    1.201
    -0.073
    -5.7%
  • DATVF.DALLAX
    0.883
    -0.018
    -2%
  • DATVF.LAXSEA
    2.154
    -0.001
    0%
  • ITVI.USA
    9,525.320
    2,117.540
    28.6%
  • OTRI.USA
    7.960
    0.580
    7.9%
  • OTVI.USA
    9,532.060
    2,137.780
    28.9%
  • TLT.USA
    2.700
    -0.010
    -0.4%
  • WAIT.USA
    158.000
    8.000
    5.3%
OEMTrucking

Navistar plans $250 million plant and 600 new jobs in Texas

Truck maker sets single platform manufacturing and 12% EBITDA margin by 2024

Navistar International Corp. (NYSE: NAV) plans to invest more than $250 million in a new manufacturing plant near San Antonio, Texas, adding approximately 600 new jobs, if it gets incentives it is seeking.

The Lisle, Illinois-based truckmaker also said Thursday, Sept. 19, that it plans to increase its earnings before interest, taxes, depreciation and amortization (EBITDA) margin to 12% by 2024 from the current 8%.

“Over the last five years, Navistar has made significant investments to improve our position in the market,” said Troy Clarke, Navistar chairman, president and chief executive officer. 

The new facility would be a benchmark for quality and costs while adding capacity for anticipated industry growth and market share gains, he said.

Navistar has been rebuilding its share in recent years after a decision to use a faulty emissions control technology cost the company billions in claims and about half its customer base. The company is targeting 25% market share by 2025, up from the current 17%.

The new manufacturing plant will join existing Navistar facilities in Springfield, Ohio, and Escobedo, Mexico. It will be able to flex to build Class 6-8 trucks.

Tags
Show More

Alan Adler

Alan Adler is a Detroit-based award-winning journalist who worked for The Associated Press, the Detroit Free Press and most recently as Detroit Bureau Chief for Trucks.com. He also spent two decades in domestic and international media relations and executive communications with General Motors.

Leave a Reply

Your email address will not be published. Required fields are marked *

Close