Auto Industry

Honda to cut production of new Civic, other models

May 2, 2011
Associated Press
Honda Motor Co. warned U.S. dealers Monday that it will run short of popular models such as the Civic compact later this summer because of parts shortages caused by Japan's earthquake.
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Allison Transmission prepares to enter nascent hybrid marketRestricted Content

April 30, 2011
Kathleen McLaughlin
The industry is waiting for the magic combination of high fuel prices and government-backed incentives to turn potential into profit.
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Think hopes to boost sales through Indiana rebate

April 27, 2011
Kathleen McLaughlin
Electric car maker Think hopes to kick-start sluggish sales through a rebate program available only to Indiana residents.
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Navistar recalling workers at Indianapolis plant

April 20, 2011
Associated Press
Navistar has recalled 120 workers who were laid off when Indianapolis Casting Corp. stopped production at the facility in late 2010 and plans to recall 30 more of those workers by June.
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Toyota extends North American production cuts

April 19, 2011
Associated Press
Toyota Motor Corp. has extended production cuts at its North American factories into early June as it struggles to deal with parts shortages caused by the earthquake that hit Japan.
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Steel Dynamics' quarterly profit jumps 63 percent

April 19, 2011
Associated Press
Steel Dynamics earned $105.9 million, compared with $65 million in the year-ago quarter. Revenue rose 30 percent, to $2 billion. Analysts were looking for $1.91 billion.
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Battery maker drops Indianapolis president

April 15, 2011
Kathleen McLaughlin
Battery maker Ener1 Inc. has fired Chief Operating Officer Rick Stanley, who was also president of the company's Indianapolis-based operation, EnerDel Inc.
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Cummins spurs launch of mechanical engineering programRestricted Content

April 9, 2011
Kathleen McLaughlin
This fall, Indiana University-Purdue University at Columbus will roll out its first four-year mechanical engineering program.
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Toyota in Indiana to work through production slowdowns

April 8, 2011
 IBJ Staff and Associated Press
Toyota Motor Corp. announced Friday that its Indiana plant in Princeton will operate on a reduced production schedule in the coming weeks, but employees will not lose work because of it.
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Cummins Inc. plans to add 2,500 new jobs in U.S.

April 5, 2011
Associated Press
The Columbus-based engine manufacturer says it is hiring across the board to meet strong demand worldwide and in anticipation of an economic recovery.
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Manufacturer crosses over from auto parts to caskets

April 2, 2011
Kathleen McLaughlin
Gestamp Automocion makes metal components for the auto industry, employing 18,000 people worldwide. Now it is branching into the staid niche of casket manufacturing.
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CEO says transformation prepped Remy International for IPO

April 2, 2011
Greg Andrews
Remy’s transformation since 2007, when a $700 million debt load propelled it into bankruptcy court, could be fodder for business-school case studies of the 21st century.
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Trucking industry upswing may draw investors to Allison IPO

April 2, 2011
Kathleen McLaughlin
Allison Transmission is not a household name like Google or General Motors, but it won’t lack an audience for its planned $750 million initial public offering.
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Remy International files plans for public offering

March 28, 2011
Associated Press
Pendleton-based manufacturer Remy International Inc., the former General Motors Co. unit that exited bankruptcy in 2007, has filed plans to raise up to $100 million through an initial public stock offering.
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As Japan shutdowns drag on, auto crisis worsens

March 27, 2011
Associated Press
In the weeks ahead, car buyers will have difficulty finding the model they want in certain colors, thousands of auto plant workers will likely be told to stay home, and companies such as Toyota, Honda and others will lose billions of dollars in revenue.
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Sluggish demand for electric car forces layoffs at Ener1

March 25, 2011
Kathleen McLaughlin
Battery maker Ener1 has laid off about 3 percent of its 770 employees worldwide, partly because of lower-than-expected demand from the Think electric car being assembled in Elkhart. It had about 380 workers in central Indiana.
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Allison Transmission files for $750M IPO

March 20, 2011
Kathleen McLaughlin
Allison Transmission Inc. is counting on upgrades to truck and bus fleets in countries like China and India for its future growth, the company revealed in a filing it made Friday to raise up to $750 million through an initial public offering.
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Subaru, Toyota curb output at Indiana plants

March 15, 2011
Associated Press
Two Japanese automakers are scaling back production at North American plants as they assess their ability to get parts from Japan after that country's devastating earthquake and tsunami.
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Indiana experts weigh in on environmental issuesRestricted Content

March 5, 2011
A panel discussion includes topics ranging from green power initiatives and hybrid cars to landfill policies and environmental regulations.
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Indiana-made electric cars recalled for 3rd time

March 2, 2011
Associated Press
Think North America has filed documents with the National Highway Traffic Safety Administration recalling 23 of its City electric cars produced late last year.
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IPO could help ease Allison Transmission's debt

February 28, 2011
Kathleen McLaughlin
Allison Transmission Inc.'s enormous debt load is probably one factor driving the company to consider a public offering, an investment analyst said Monday morning.
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Report: Allison may raise up to $1B in IPO

February 25, 2011
 IBJ Staff
The Indianapolis company, the world's largest maker of commercial transmissions, may go public in the third quarter, Reuters reported.
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Cummins sells exhaust business to Global Tube

January 25, 2011
Associated Press
Cummins Inc. will sell its exhaust business, which includes several plants in Wisconsin, to Global Tube, a portfolio company of the Chicago-based private equity firm Wind Point Partners.
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Remy International considering stock offering, CEO says

January 24, 2011
Bloomberg News
Pendleton-based Remy International Inc., the former General Motors Co. unit that exited bankruptcy in 2007, is considering a public offering of its stock this year, CEO John Weber says.
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Ambulance manufacturing plant in northern Indiana closing

January 17, 2011
Medtec Ambulance Corp. has notified state officials it will close its plant in Goshen on March 31 as part of a reorganization that will move operations to Bradenton, Fla., costing 150 workers their jobs.
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  1. I am a Lyft driver who is a licensed CDL professional driver. ALL Lyft drivers take pride in providing quality service to the Indianapolis and surrounding areas, and we take the safety of our passengers and the public seriously.(passengers are required to put seat belts on when they get in our cars) We do go through background checks, driving records are checked as are the personal cars we drive, (these are OUR private cars we use) Unlike taxi cabs and their drivers Lyft (and yes Uber) provide passengers with a clean car inside and out, a friendly and courteous driver, and who is dressed appropriately and is groomed appropriately. I go so far as to offer mints, candy and/or small bottle of water to the my customers. It's a mutual respect between driver and passenger. With Best Regards

  2. to be the big fish in the little pond of IRL midwest racin' when yer up against Racin' Gardner

  3. In the first sentance "As a resident of one of these new Carmel Apartments the issue the local governments need to discuss are build quality & price." need a way to edit

  4. As a resident of one of these new Carmel Apartments the issue the local governments need to discuss is build quality & price. First none of these places is worth $1100 for a one bedroom. Downtown Carmel or Keystone at the Crossing in Indy. It doesn't matter. All require you to get in your car to get just about anywhere you need to go. I'm in one of the Carmel apartments now where after just 2.5 short years one of the kitchen cabinet doors is crooked and lawn and property maintenance seems to be lacking my old Indianapolis apartment which cost $300 less. This is one of the new star apartments. As they keep building throughout the area "deals" will start popping up creating shoppers. If your property is falling apart after year 3 what will it look like after year 5 or 10??? Why would one stay here if they could move to a new Broad Ripple in 2 to 3 years or another part of the Far Northside?? The complexes aren't going to let the "poor" move in without local permission so that's not that problem, but it the occupancy rate drops suddenly because the "Young" people moved back to Indy then look out.

  5. Why are you so concerned about Ace hardware? I don't understand why anyone goes there! Every time ive gone in the past, they don't have what I need and I end up going to the big box stores. I understand the service aspect and that they try to be helpful but if they are going to survive I think they might need to carry more specialty parts.

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