Auto Industry

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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Cummins reports plunge in profit, revenue

October 30, 2009
 IBJ Staff
Cummins 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.
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GM to draw government funds for Delphi costs, source says

October 28, 2009
Associated Press
General 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.
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Accuride 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.
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Renewable-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.
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Lithium-ion battery maker names new president

September 10, 2009
 IBJ Staff
EnerDel, an Indianapolis-based producer of automotive lithium-ion batteries, has named a new president, the company announced today.
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Region's expertise in hybrid cars goes beyond high-profile players

September 5, 2009
Chris O'Malley
Bright 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.
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Auto supplier set to accelerate with seat-control software

September 4, 2009
Chris O'Malley
A 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.
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Cummins moving some operations to Mexico

August 25, 2009
 IBJ Staff
A 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.
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EnerDel lands $118 million stimulus grant

August 5, 2009
Scott Olson
EnerDel, an Indianapolis-based producer of automotive lithium-ion batteries, will receive $118.5 million in a matching grant from the federal government.
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125 workers at Indianapolis GM plant take buyout offer

July 27, 2009
Kathleen McLaughlin
More 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.
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LIPPERT: GM woes strike close to homeRestricted Content

July 20, 2009
Douglas Lippert
As 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.
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Automotive industry's fall dilutes manufacturing jobsRestricted Content

July 20, 2009
 IBJ Staff
The 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.
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Natural-gas car proposal could boost Greensburg Honda plant

July 9, 2009
 IBJ Staff and Associated Press
Hoping 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.
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Boomtown on hold: Recession delays Honda's full impact on GreensburgRestricted Content

June 22, 2009
Kathleen McLaughlin
Jobs 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.
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Powerway finds its WaypointRestricted Content

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.
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Prolonged woes reshape Connersville, city once known as 'Little Detroit'Restricted Content

April 13, 2009
Kathleen McLaughlin
With 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.
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Quality-control firm launches after key player foldsRestricted Content

April 13, 2009
Kathleen McLaughlin
Entrepreneur Steven J. Cage has launched a new quality-control business after the one he built into an industry leader shuttered suddenly.
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Indy Power drops electric-car focus for more lucrative control boxesRestricted Content

March 30, 2009
Chris O'Malley
After 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.
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Subaru plant ushered in new eraRestricted Content

March 16, 2009
Kathleen McLaughlin
Indiana's $86M incentive package to establish the Subaru plant in Lafayette was initially controversial.
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Struggling contractors hope for sale of factoryRestricted Content

March 9, 2009
Kathleen McLaughlin
Contractors 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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CAFE standards not as effective as gasoline taxRestricted Content

February 23, 2009
Mike Hicks
The Obama administration recently reversed a Bush-era policy that prevented states from imposing some of their own environmental policies with respect to corporate average fuel efficiency, or CAFE, standards.
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