RELATED: Wheeler Trucking to add up to 100 jobs, $5.2M in Springfield
The former Springfield Ford dealership was at 5600 Urbana Road and closed in December 2008 at the beginning of an economic recession and at a time when the auto industry was in trouble. The former dealership owner sold the rights back to Ford in May 2008 and ultimately closed when leaders at the company said it wanted to have a smaller dealership presence.
READ MORE: Navistar, local leaders push others to buy trucks made in Springfield
Information from the Clark County Auditor’s Office shows the company has also purchased property at 5532 Urbana Road, 5522 Urbana Road and 5520 Urbana Road. The expansion will allow Wheeler not only to haul trucks being built at Navistar, but also to store vehicles on the property.
The News-Sun has previously reported the new Class 4, 5 and 6 chassis cab trucks will be aimed at fleet and commercial customers. Workers in Springfield have long been preparing for the joint venture with GM to build the trucks. Wheeler said his company will begin shipping the new product to customers across the U.S. and Canada as early as December.
Those trucks will be available in both the International and GM brands, and will be produced with engineering input from both manufacturers.
MORE BUSINESS NEWS: Navistar reports $37M profit after stronger truck sales
Another report from this news organization states near-record demand for heavy trucks is boosting revenue for manufacturers like Navistar and benefiting suppliers and others tied to the industry. Demand from trucking companies for new vehicles led Navistar to a solid third quarter and company officials said earlier this month they expect strong financial results to continue into next year.
Navistar reported net income of $170 million for the third quarter this year, compared to $37 million during the same period in 2017.
The Springfield News-Sun is committed to covering economic news in the city of Springfield and Clark and Champaign Counties.