Auto Industry

New emissions standards drive up Cummins profit

February 2, 2010
Kathleen McLaughlin
Columbus-based diesel engine maker Cummins Inc. posted its most profitable fourth quarter in company history, thanks to a rush on engines that won't have to conform to new emission standards.
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Analyst: Recalled Toyotas likely won't face long-term resale hit

January 29, 2010
Chris O'Malley
Recalled Toyotas have been yanked from used-vehicle auction blocks, but resale values should be protected if Toyota handles the recall with "transparency," according to a local analyst.
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Job cuts begin at east-side steering parts plant

January 29, 2010
Fifteen employees at an east-side automotive plant operated by a Ford subsidiary will lose their jobs on March 31. More job cuts are expected, as the factory prepares to close by the end of 2011.
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Remy hybrid agreements help offset GM loss

January 27, 2010
Scott Olson
Pendleton-based Remy International signs deals with Allison Transmission Inc. in Indianapolis and German automaker Daimler AG to supply electric motors for hybrid systems. The agreements should help offset a loss of business from General Motors.
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Toyota workers will stay on job at Indiana plants

January 27, 2010
Associated Press
No immediate layoffs are planned at the two Indiana factories that build Toyota models included in the company's production halt as it looks to fix sticking gas pedals.
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Indiana businesses are welcoming investment from ChinaRestricted Content

January 22, 2010
Peter Schnitzler
Some observers see a parallel to the state's seeking Japanese investment following recession in the early 1980s.
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EnerDel has more deals in the works

January 21, 2010
Kathleen McLaughlin
Lithium battery maker EnerDel will need more business than its existing relationships with Think and Volvo to justify the $237 million investment it announced Thursday.
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EnerDel in line for $3 million grant

January 20, 2010
Kathleen McLaughlin
Battery maker EnerDel could land $3 million in federal disaster-recovery money that would help bring 200 more jobs to its facilities on the north side of Indianapolis and in Noblesville.
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Legislation to protect car dealers re-emerges at StatehouseRestricted Content

January 16, 2010
Chris O'Malley
Dozens of Chrysler and General Motors dealers in Indiana were terminated last year. Now, a dealer trade group wants to block automakers from preying on termination fears to wrest concessions from surviving dealers.
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Auto, battery jobs hinge on landing federal energy loansRestricted Content

January 16, 2010
Kathleen McLaughlin
Indiana's future as a hub for making electric and hybrid vehicles hinges on a single government loan program.
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Elkhart County OKs tax break for electric car maker

December 23, 2009
 IBJ Staff and Associated Press
Hard-hit Elkhart County could become home three electric vehicle manufacturers if a Norwegian company chooses northern Indiana as the site for a new factory.
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Indy Power Systems technology cited by Discovery magazine

December 19, 2009
 IBJ Staff
Founder Steve Tolen started out to make an electric car and wound up with a device to blend and regulate power among different types of electric batteries.
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Former Visteon plant lined up for Carbon Motors

December 14, 2009
Atlanta-based Carbon Motors is a step closer to producing its high-tech police cars in Connersville after a bankruptcy judge authorized auto-parts maker Visteon Corp. to sell a closed plant to the city for $500.
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Supreme Court rejects Indiana's appeal of Chrysler sale

December 14, 2009
 IBJ Staff and Associated Press
The justices on Monday turned down an appeal from the state of Indiana pension funds that earlier challenged the automaker's bankruptcy proceedings.
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Widow aspires to continue operating Burd Ford

December 12, 2009
Norm Heikens
Chris Burd still unsure why husband, Rich Burd, owner of Burd Ford, committed suicide. Burd was an auto dealer in Lawrence.
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Auto parts maker to add 130 jobs in Princeton

December 9, 2009
 IBJ Staff
Automotive component maker Windsor Machine Group will invest more than $4 million to establish a manufacturing facility in southwest Indiana, eventually creating as many as 130 jobs, the Indiana Economic Development Corp. announced early Wednesday.
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Ohio manufacturer expanding in northeast Indiana

December 9, 2009
 IBJ Staff
An Ohio manufacturing company plans to spin off its machining and fabrication operations and set up shop in northeast Indiana, creating 111 jobs by 2014, state economic development leaders said Tuesday evening.
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EnerDel parent receives $20M investment

December 7, 2009
The parent of EnerDel, an Indianapolis-based producer of automotive lithium-ion batteries, announced Monday morning that it has received about $20 million in investment capital from a Japanese company.
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Delphi to supply Allison with hybrid components

December 7, 2009
Indianapolis-based Allison Transmission Inc. announced Monday morning that it has entered into a long-term agreement to have Delphi Automotive Systems Inc. supply it with hybrid drive-system components and energy-storage systems.
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Some area manufacturers see blue sky after year dominated by recessionRestricted Content

December 5, 2009
Kathleen McLaughlin
The recession decimated Indiana’s auto-parts makers, but many other manufacturers in the state survived. After a year adrift in the recession, they see signs of land ahead.
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Ford delay extends life of east-side steering plant

December 5, 2009
Kathleen McLaughlin
A 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.
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State 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.
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Cutbacks 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.
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Losses grow for EnerDel parent, but sales rise

November 11, 2009
 IBJ Staff
New York-based Ener1 reported late Monday that it suffered a third quarter loss of $15.8 million.
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FinishMaster profit, sales decline as accident claims fall

November 5, 2009
 IBJ Staff
FinishMaster Inc. on Thursday afternoon reported a drop in third-quarter profit and revenue compared to the same period a year ago.
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