Automakers

Accolades all around as Allison owners exitRestricted Content

September 20, 2014
Greg Andrews
Private equity firms Carlyle Group and Onex Group fared well on their purchase of Indianapolis-based Allison Transmission, with the $763 million each put into the 2007 deal more than tripling in value.
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Toyota adding 180 jobs at Indiana factory

September 16, 2014
Associated Press
Strong sales for the Highlander and Sequoia SUVs as well as Sienna minivans have boosted production at the 4,700-worker factory near Princeton.
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Renault teams with Bollore to promote electric cars

September 9, 2014
Bloomberg News
Renault SA is teaming up with French billionaire Vincent Bollore to make electric cars as the two struggle to establish a market for the emission-free vehicles, including one in Indianapolis.
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Toyota to expand Highlander production, add 300 workers

August 22, 2014
 IBJ Staff and Associated Press
Toyota Indiana on Friday said it plans to expand operations at its Princeton plant, about 150 miles southwest of Indianapolis, creating up to 300 jobs by 2016.
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Domestic auto sales sizzled in July, helped by discounts

August 1, 2014
Associated Press
General Motors, Ford, Nissan and Chrysler all reported big gains as the major automakers reported July sales Friday.
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Allison profit upshifts on North American demand

July 24, 2014
 IBJ Staff
In its second quarter, the Indianapolis-based manufacturer of transmissions and propulsion systems rode accelerating sales for rugged-duty, student transport, and hydraulic fracturing equipment.
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GM planning $27M investment in Bedford plant

July 16, 2014
Associated Press
The automaker filed a tax abatement request for the Bedford factory project, saying it would add about 40 jobs and raise the plant's employment to some 650 workers.
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GM continues down recall road, now citing Camaros

June 13, 2014
Associated Press
The automaker is recalling nearly 512,000 Chevrolet Camaro muscle cars from 2010 to 2014 because a driver's knee can bump the key and knock the switch out of the "run" position.
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GM ignition-defect recall delay investigated by Indiana

June 11, 2014
Bloomberg News
General Motors Co.’s delayed decision to recall almost 2.6 million cars for ignition-switch defects is being investigated by Indiana Attorney General Greg Zoeller, a spokeswoman for his office said.
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Heads roll at GM after investigation of defective switch

June 5, 2014
Associated Press
The automaker says 15 employees—many of them senior legal and engineering executives—have been forced out of the company for failing to disclose the defect linked to 13 deaths.
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Subaru starts building new SUV model in Lafayette

June 3, 2014
Associated Press
Factory workers gathered Monday to celebrate the first day of production on the 2015 model, which is among three Subaru vehicles built at the 3,600-worker plant.
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Government fines GM maximum $35M in safety case

May 16, 2014
Associated Press
It's the maximum penalty that the government can impose and the first time an automaker has been fined that much. But the amount is less than a day's revenue for the automaker.
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Chrysler hires 204 workers for new plant

May 13, 2014
Associated Press
At full capacity, the Tipton plant will be able to ship about 800,000 transmissions annually to assembly plants in Toledo, Ohio, and Sterling Heights, Mich., as well as Italy, Turkey, Brazil and China.
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UPDATE: Toyota to quit Camry production in Lafayette

May 9, 2014
Bloomberg News
Fuji Heavy Industries Ltd., the maker of Subaru cars, will stop making Camry cars in the U.S. for its largest shareholder, Toyota Motor Corp., in the second half of 2016. About 100,000 Camrys are made annually at the Indiana plant.
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Pickups, small SUVs lead April auto sales rebound

May 1, 2014
Associated Press
U.S. car buyers came out of hibernation in April to spend on pickup trucks and SUVs, fueling an auto sales rebound that analysts expect to last the rest of the year.
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Chrysler set to celebrate Indiana factory's opening

April 16, 2014
Associated Press
Chrysler expects to have up to 850 workers at the Tipton factory, with a goal of it producing 400,000 transmissions by year's end.
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Toyota, GM recalls push U.S. to near-record pace

April 10, 2014
Associated Press
So far this year, automakers have recalled about 9 million vehicles in the U.S. If that pace continues, the nation would break the record of 30.8 million recalled vehicles set in 2004.
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U.S. agrees to $1.2B settlement with Toyota

March 19, 2014
Associated Press
U.S. Attorney General Eric Holder said it is the largest financial penalty of its kind ever imposed on an auto company.
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University Loft’s founder now building electric carsRestricted Content

March 15, 2014
Anthony Schoettle
The founder of University Loft Co., one of the nation’s biggest suppliers of college dorm room and military base furniture, is now venturing into the world of alternative transportation.
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Subaru continues Lafayette factory plans with far fewer jobs

February 27, 2014
Associated Press
Subaru is moving ahead with its plans for spending more than $400 million to expand and upgrade its Lafayette factory while significantly scaling back the expectations for new jobs.
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Allison Transmission finishes lackluster year with bang

February 14, 2014
 IBJ Staff
Allison Transmission Holdings Inc. kicked its fourth quarter into overdrive with a 70-percent increase in profit over the same quarter in 2012, the firm reported Thursday. But profit for the year was down significantly.
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Toyota world's top-selling car maker for second year

January 23, 2014
Associated Press
Toyota remained the top-selling automaker for a second year in a row, beating U.S. rival General Motors by some 270,000 vehicles in 2013.
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Toyota, Honda set North American production records

January 22, 2014
Bloomberg News
Toyota built 1.86 million cars and light trucks at U.S., Canadian and Mexican plants in 2013, while Tokyo-based Honda made 1.78 million autos in North America.
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GM to invest $1.3 billion in five factories

December 16, 2013
Associated Press
An Indiana plant will get $29.2 million to make parts for 10-speed transmissions and for six-speed transmission components. The Bedford facility has about 600 workers.
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GM taps female CEO; ex-Cummins chief named chairman

December 10, 2013
Bloomberg News
General Motors Co. named Mary Barra to succeed Dan Akerson as chief executive officer, making her the first female CEO in the global automotive industry. Former Cummins Inc. CEO and chairman Tim Solso was named GM's chairman.
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