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City hosting U.S.-China vehicle summit

IBJ Staff
May 24, 2010
Keywords
Auto Industry, Automakers, Cummins Inc., EnerDel, Manufacturing & Technology, Remy International
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The city of Indianapolis this week will host the first U.S.-China Advanced Technology Vehicle Summit, bringing together dozens of government officials and auto executives from the United States and China.

The event is set for Thursday and Friday at the downtown Marriott hotel. A delegation of Chinese automakers and Indiana manufacturers of components for hybrid and electric vehicles will meet to share information and explore potential business relationships.

“Last year, we took Indiana’s story to China for the first time,” Indiana Gov. Mitch Daniels said in a prepared statement. “Now, we’ll welcome our colleagues from the Chinese Ministry of Commerce and representatives from some of the country’s major automakers to Indiana for the first time.”

The Chinese delegation will be led by Wang Chao, the country’s assistant minister of commerce. In all, nearly 100 auto executives representing 15 Chinese automobile companies and government officials will attend the summit.

Participating Indiana manufacturers include Indianapolis-based Allison Transmission and EnerDel; Columbus-based Cummins Inc.; Pendleton-based Remy International; and Delphi Automotive Systems of Kokomo. The companies represent a growing cluster of businesses producing advanced batteries, engines, transmissions and electronics for hybrid and electric vehicles.

Daniels will speak at a welcome dinner Thursday evening at the Eiteljorg Museum of American Indians and Western Art.

The event will be hosted by the Energy Systems Network, a not-for-profit that promotes growth and commercialization within the clean technologies and energy sectors. The network is an initiative of the Central Indiana Corporate Partnership.
 


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  1. The lack of street-level retail in this part of the Block 400 development is a huge oversight and somewhat perplexing given the high quality of recent city-backed developments downtown. This portion of an otherwise stellar development is going to have an extremely negative impact on the aesthetics, urban environment, walkability, and livability of the NW quad.

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    Why not follow the precedent set by the proposed garage in Broad Ripple and create an attractive mixed-use structure? Why does the city get it there but not downtown?

  2. Bear mind that DS is just not another lazy, rich kid. He attended Columbia grad school and was in investment banking for 4 or 5 years before joining his dad's company. An annual grant of stock options at market price would be the correct pay-for-performance program then no one could argue with it.

  3. This comes from an executive who gave his wife a Bentley as a wedding present. He is heir to billions of dollars. He should be working for a dollar a year and stock options only. Seems like a conflict of interest, time to bring in a non-relative as CEO. Haven't met him, but have heard his arrogance is legendary.

  4. If the property is improved, property taxes increase - more revenue. If AUL's employment grows, more income taxes - more revenue. If more people move and/or work downtown, it means more demand for goods and services, more employment, more taxes - more revenue, etc., etc. It's not just the city throwing money at big companies. There's much, much more. Yes, the project has private backing, but apparently not enough to make the deal work and therefore they don't have it covered. And while Marsh is a nice anchor, they are no credit tenant like a Kroger or somebody. And if the police department has a major shortfall, they need to reduce the force. This city has way too many policemen.

  5. It's hard to defend billionaires, but David Simon has created a tremendous amount of value for shareholders since joining the company. He is widely regarded as one of the best CEOs in America. The company is growing and making good strategic decisions. And Indy is fortunate to have SPG HQ'd here. Now, does that merit $120 million (about 15 mil over 8 years or so)? Maybe. But this family and David have truly built a business. Should Zuckerberg be worth $20 bil? Who knows. Hopefully David will be supportive of Hoosier charities like his family has.

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