Navistar International Corporation acquired a new property in San Antonio, which includes existing buildings that will house support functions for its under-construction plant in the area.
Navistar's total investment in the region will exceed $275 million and create more than 650 jobs, pending local incentive approvals.
The expansion in Texas is part of Navistar 4.0, the company's enterprise-wide growth strategy. Navistar's under-construction 900,000-square foot plant in San Antonio will produce Class 6-8 vehicles, including new electric-powered trucks. The additional property will bring resources closer to manufacturing operations.
"We're increasing our investment in San Antonio because local and state leaders have created a business climate that supports manufacturing innovation and has attracted a talented workforce," said Persio Lisboa, Navistar president and CEO. "Our Navistar 4.0 growth strategy is on track, and our new investment in San Antonio is another important step that will enable us to create a competitive advantage in the technology space."
The new property will also house a state-of-the-art truck validation center to test and validate components of the company's growing electric truck business, and a truck specialty center to provide post-production customization of vehicles to support customers' business needs.
"Our expanded footprint in Texas near our manufacturing plant will allow us to dedicate space to new technologies like self-driving and connected vehicles, as well as...