Navistar Moving its Headquarters

Sept. 11, 2010
Company will invest $110 million in a new facility in Lisle, Ill.

Navistar International Corp. announced that it will be moving its headquarters from Warrenville, Ill., to Lisle, Ill.

The company said it will invest $110 million in the 1.2 million-square-foot facility, which will include executive management, business operations and product development.

Core features of the technology center once envisioned for the Lisle campus will move, possibly to the Melrose Park facility as part of a contemplated $80 million investment, according to the company. Another approximately $15 million will be invested in a new parts facility in northern Illinois.

Combined, Navistar will be investing $205 million in Illinois, according to the company.

The company praised Gov. Pat Quinn and Attorney General Lisa Madigan for helping sway the company to stay in Illinois in the face of "delays and potential legal challenges" brought on by a "small group of opponents." The Quinn administration committed an investment package of up to nearly $65 million for the project and met with opponents of the project to try to end the dispute, according to the company.

"Gov. Quinn and Attorney General Madigan showed great leadership in working with Navistar and the community to make it possible for us to move into this world-class campus and to create economic opportunities for the whole region," Navistar International Chairman, President and CEO Dan Ustian said. "We appreciate them standing up for us."

Navistar International is a holding company whose subsidiaries and affiliates produce International brand commercial and military trucks; MaxxForce brand diesel engines; IC Bus brand school and commercial buses; Monaco RV brands of recreational vehicles; and Workhorse brand chassis for motorhomes and step vans.

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