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Auto Industry
Ford delay extends life of east-side steering plant
December 5, 2009
Kathleen McLaughlinA Ford Motor Co. subsidiary will start cutting its local work force next year, but won’t close its east-side plant
for good until late 2011.
MoreState lands $4 million grant to aid autoworkers
November 18, 2009
The U.S. Department of Labor awarded the Indiana Department of Workforce Development a $4 million grant on Wednesday to help
autoworkers transition into alternate careers.
MoreCutbacks help Remy improve quarterly profit
November 17, 2009
Auto parts maker Remy International Inc. said Monday that profit rose to $16.5 million in the third quarter, up from $4.3
million in the same quarter a year ago, as the company cut staff and pay to compensate for lagging sales.
MoreLosses grow for EnerDel parent, but sales rise
November 11, 2009
IBJ StaffNew York-based Ener1 reported late Monday that it suffered a third quarter loss of $15.8 million.
MoreFinishMaster profit, sales decline as accident claims fall
November 5, 2009
IBJ StaffFinishMaster Inc. on Thursday afternoon reported a drop in third-quarter profit and revenue compared to the same period a
year ago.
MoreCummins reports plunge in profit, revenue
October 30, 2009
IBJ StaffCummins Inc. said profit for its fiscal third quarter fell 59 percent and sales dropped by 31 percent compared to the same
period last year, though the company said its profitability and cash position improved from the second quarter.
MoreGM to draw government funds for Delphi costs, source says
October 28, 2009
Associated PressGeneral Motors Co. will announce later this week that it will draw from its government funding to pay the cost of buying a
chunk of troubled parts supplier Delphi Corp., a person briefed on the company's finances said Wednesday.
MoreAccuride restructuring under Chapter 11 bankruptcy
October 8, 2009
Evansville-based Accuride Corp. filed for Chapter 11 bankruptcy protection Thursday as part of a restructuring of debt.
MoreRenewable-energy firm eyeing Tipton County plant
September 28, 2009
A renewable-energy firm is considering manufacturing solar panels in an empty Tipton County plant where transmissions were
to be built for Chrysler automobiles, according to the Kokomo Tribune.
MoreLithium-ion battery maker names new president
September 10, 2009
IBJ StaffEnerDel, an Indianapolis-based producer of automotive lithium-ion batteries, has named a new president, the company announced
today.
MoreRegion's expertise in hybrid cars goes beyond high-profile players
September 5, 2009
Chris O'MalleyBright Automotive and EnerDel are well known for their development of components for hybrid cars, but the region has several
other players poised to be big players in the sector. In fact, few realize that North America’s largest producer
of electric motors for hybrid vehicles is based northeast of Indianapolis, in Pendleton.
MoreAuto supplier set to accelerate with seat-control software
September 4, 2009
Chris O'MalleyA company founded by a Westfield chiropractor is in talks to license to automakers software that’s designed to produce
a less-fatiguing ride. Comfort Motion Technologies also wants to make aftermarket versions of the software as add-on modules
that could be used in most any car with a power seat.
MoreCummins moving some operations to Mexico
August 25, 2009
IBJ StaffA filtration division of Columbus-based Cummins Inc. will move a large portion of its North American assembly operations to
a plant in Mexico to keep the business competitive, the company said today.
MoreEnerDel lands $118 million stimulus grant
August 5, 2009
Scott OlsonEnerDel, an Indianapolis-based producer of automotive lithium-ion batteries, will receive $118.5 million in a matching grant
from the federal government.
More125 workers at Indianapolis GM plant take buyout offer
July 27, 2009
Kathleen McLaughlinMore than 125 people at General Motors Corp.’s metal-stamping plant in Indianapolis have signed up for buyouts or early-retirement
packages that are worth as much as $115,000 in cash per worker, a union official said this morning.
MoreLIPPERT: GM woes strike close to home
July 20, 2009
Douglas LippertAs someone who grew up in Michigan during the 1960s and 1970s, watching General Motors Corp. self-destruct was like seeing
a loved one make bad decisions then watching him suffer the consequences.
MoreAutomotive industry's fall dilutes manufacturing jobs
July 20, 2009
IBJ StaffThe fact that Indiana is shedding manufacturing jobs is well-known, but you can thank a neighbor to the north for keeping
track of every last one. The Milwaukee Journal-Sentinel reported recently that Wisconsin had taken the
top spot, ahead of Indiana, in terms of the portion of employment in manufacturing—15.6 percent, versus Hoosiers’
15.4 percent.
MoreNatural-gas car proposal could boost Greensburg Honda plant
July 9, 2009
IBJ Staff and Associated PressHoping to spur alternative vehicles, lawmakers want to double the size of tax breaks on cars that run on natural gas. That
could be good news for Indiana, where Honda Motor Corp. produces the natural-gas-powered Civic GX in Greensburg.
MoreBoomtown on hold: Recession delays Honda's full impact on Greensburg
June 22, 2009
Kathleen McLaughlinJobs created by the new manufacturing plant have been offset by losses elsewhere in the community, and related development
remains scarce. But local officials remain optimistic about Honda's long-term impact.
MorePowerway finds its Waypoint
May 11, 2009
Back when the automakers were on a roll, Powerway Inc. looked so promising that a public offering seemed around the bend.
Now Powerway itself is gone—at least in name.
MoreProlonged woes reshape Connersville, city once known as 'Little Detroit'
April 13, 2009
Kathleen McLaughlinWith economists predicting the statewide unemployment average will reach 10 percent this year, the experience of a hard-hit
city like Connersville offers a glimpse of what lies ahead for other manufacturing-reliant Hoosier communities.
MoreQuality-control firm launches after key player folds
April 13, 2009
Kathleen McLaughlinEntrepreneur Steven J. Cage has launched a new quality-control business after the one he built into an industry leader shuttered
suddenly.
MoreIndy Power drops electric-car focus for more lucrative control boxes
March 30, 2009
Chris O'MalleyAfter a stint making parts for electric cars, Symphony Motors recently became Indy Power Systems, changing course to make
power control boxes for a variety of vehicles and also industrial and military applications.
MoreSubaru plant ushered in new era
March 16, 2009
Kathleen McLaughlinIndiana's $86M incentive package to establish the Subaru plant in Lafayette was initially controversial.
MoreStruggling contractors hope for sale of factory
March 9, 2009
Kathleen McLaughlinContractors struggling under the weight of an unfinished factory in Tipton are hoping for a quick sale to recover at least
some of the $44 million they say they're owed by Getrag Transmission Manufacturing.
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See, I told u Indyman and Dipsicle....this 8 days is overkill. It's barely worth a weekend....great job Tony George! Your dream has been fulfilled....he fans want the I r l back. Thats how good it was.....and that sucked.
I have been in training for a short time now but right off I can see that safety and quality are the number one issues, my experience as of late has been a positive one, the employees along with Jeff the plant manager and the operation supervisor as well as the engineers are a highly motivated group of people, what an asset for the area to have and for company's in need of a quality metal products.
Pimlico
While I understand the severity of their actions as well as everyones eagerness to hold them responsible for thier lost funds, these gentlemen did know how to make money. Dispite thier poor decisions over the ownership of Fair they had made several wise investments which paid them greatly. This proves they do have the potential to rebuild so they can repay. I do not feel they should live the life of luxuary but given an opportunity could they find ways of repaying the debts? They are doing nothing now but being a burden on tax payers. Just a thought!!!!!
You guys have some "interesting" comments to say the least. I hope you will call in and share those opinions starting June 1. I'm looking forward to having you on the air.