Automakers

GM to buy back 200M shares as part of government exit

December 19, 2012
Associated Press
The Treasury plans to sell its remaining stake in General Motors over the next 15 months, allowing the automaker to shed the stigma of being partly owned by the U.S. government.
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Chrysler plans 400 more jobs, $212M expansion in Kokomo

December 17, 2012
Dan Human
Chrysler Group LLC on Monday night said it was planning to spend as much $212 million on another expansion in Kokomo that could add more than 400 jobs.
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Chrysler plans $162 million plant, 850 jobs in Tipton

December 17, 2012
Dan Human
Tipton officials approved a 10-year tax abatement worth $2.5 million to help the company launch production in a nearly 800,000-square-foot plant at U.S. 31 and State Road 28, about 25 miles north of Carmel.
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Chrysler seeks tax incentives on Kokomo plant

December 14, 2012
Associated Press
Chrysler Group LLC is seeking tax incentives for its transmission plant in Kokomo at the same time it's asking Tipton County officials for similar incentives on a vacant plant.
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UPDATE: Chrysler may find use for vacant Tipton plant

December 11, 2012
 IBJ Staff and Associated Press
The automaker has requested incentives to launch production in a nearly 800,000-square-foot plant that's been vacant since being built four years ago.
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Honda unveils 2013 CivicRestricted Content

December 8, 2012
Compact car made in Greensburg usually gets rave reviews from critics, but last year's model was slammed for poor handling and a 'cheap' interior.
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Japanese automakers help drive economyRestricted Content

December 8, 2012
Dan Human
A deal struck 25 years ago brought Subaru-Isuzu to Indiana. Toyota followed in 1996, and Honda came in 2008. The three Japanese automakers now collectively employ 10,000 and support thousands more jobs at suppliers across the state.
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Subaru still considering Indiana plant expansion

December 5, 2012
Bloomberg News
Fuji Heavy Industries Ltd.’s Subaru unit is studying whether to expand its Indiana auto-assembly plant as the Toyota Motor Corp. affiliate seeks to boost U.S. output to curb currency losses and meet growing demand for its models.
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Honda gets a makeover, revamps Civic to fix flaws

November 29, 2012
Associated Press
Just 19 months after its Civic compact, which is manufactured in Greensburg, hit showrooms and was slammed by critics, Honda has revamped the car, giving it a sportier look and upgrading the interior.
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Suzuki files bankruptcy, leaving U.S. market

November 6, 2012
 IBJ Staff and Associated Press
The decision will affect two dealerships in the Indianapolis area: Bob Rohrman's Indy Suzuki and Used Car Superstore and the Ray Skillman Westside Auto Mall, both of which sell new Suzuki vehicles.
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Honda hopes 2013 Civic restores model's lusterRestricted Content

October 13, 2012
Dan Human
The next model of the Honda Civic, due out by year-end, may need hefty changes to silence critics and ensure the company’s 2,000-employee Greensburg factory has strong demand for its signature vehicle for years to come.
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Allison Transmission struggling to rev up investorsRestricted Content

September 15, 2012
Greg Andrews
After the stock in the manufacturer of commercial transmissions bottomed at $15.82 in June, some investors began sniffing a bargain.
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Carbon Motors still part of plan to revive Connersville plant

September 5, 2012
 IBJ Staff and Associated Press
The maker of high-tech police cars would occupy about a third of the plant if buyer of facility makes good on $4 million purchase offer.
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Strong Subaru sales might boost Indiana plant work

September 5, 2012
Associated Press
Subaru reported August sales up more than 35 percent from a year ago, joining other automakers in pushing U.S. sales to their highest level in three years. That could lead to increased production at its central Indiana factory.
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Toyota adding jobs this fall at Indiana factory

August 27, 2012
Associated Press
Toyota says it is hiring the first wave of new employees this fall for an expected 400-person addition to the work force at its southwestern Indiana factory.
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Toyota, Duke to test electric-vehicle technology in Indiana

August 22, 2012
Chris O'Malley
Toyota Motor Corp. will test and refine electric-vehicle-charging technology in the Indianapolis area under a partnership with Duke Energy Corp. announced Wednesday morning.
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Honda investing $40M in Greensburg, adding 300 jobs

July 18, 2012
Honda Manufacturing of Indiana LLC, a division of Japan-based Honda Motor Co., said on Wednesday that it will invest $40 million in its Greensburg plant and hire 300 employees later this year as it ramps up production of its compact cars.
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Chrysler seeks $2.5M utility deposit from Duke Energy Indiana

July 13, 2012
Chris O'Malley
The automaker is asking the Indiana Utility Regulatory Commission to look into its dispute with Duke Energy—and order the utility to return a deposit it required to keep the power on at Chrysler's Kokomo plants.
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Carmakers report strong June sales after May slowdown

July 3, 2012
Associated Press
From mini cars to monster pickups, sales of vehicles charged higher in June and eased concerns that Americans would be turned off by slower hiring and other scary headlines.
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Chrysler investment paying off at Kokomo plant

June 8, 2012
Associated Press
On the cusp of realizing the end result of a historic, $1.3 billion investment in Kokomo's plants, Chrysler officials here and in Detroit, Mich., are riding high.
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Police car maker not giving up on Indiana plans

June 1, 2012
Associated Press
A company with plans for building high-tech police cars at an eastern Indiana factory has added a venture capitalist on board as it tries to raise millions of dollars to get off the ground.
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Subaru to add 100 jobs as part of $75 million expansion

May 16, 2012
 IBJ Staff
Subaru already employs 3,600 at its Lafayette facility, with 600 workers added in the past three years. The expansion will ramp up production from nearly 171,000 cars a year to at least 180,000.
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Andy Mohr target of Volvo Trucks lawsuit

April 11, 2012
Scott Olson
A division of the Swedish automaker claims in a federal suit that local car dealer Andy Mohr failed to deliver on several promises after securing a five-year contract to sell Volvo trucks. An attorney for Mohr counters that Volvo is at fault and said Mohr plans his own lawsuit.
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Local automobile dealers enjoy big month of sales

April 5, 2012
 IBJ Staff and Bloomberg News
New car sales nationally rose about 13 percent last month as consumers replaced aging vehicles and took advantage of cheap financing. Sales were way up for many Indianapolis auto dealers.
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Honda looks to dealers to boost natural gas station network

March 7, 2012
Bloomberg News
Honda Motor Co. wants to double sales of its Indiana-made Civic Natural Gas sedans, but doing so requires more fuel stations. The car maker wants some of its dealers to install pumps to sell the fuel.
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  1. PJ - Mall operators like Simon, and most developers/ land owners, establish individual legal entities for each property to avoid having a problem location sink the ship, or simply structure the note to exclude anything but the property acting as collateral. Usually both. The big banks that lend are big boys that know the risks and aren't mad at Simon for forking over the deed and walking away.

  2. Do any of the East side residence think that Macy, JC Penny's and the other national tenants would have letft the mall if they were making money?? I have read several post about how Simon neglected the property but it sounds like the Eastsiders stopped shopping at the mall even when it was full with all of the national retailers that you want to come back to the mall. I used to work at the Dick's at Washington Square and I know for a fact it's the worst performing Dick's in the Indianapolis market. You better start shopping there before it closes also.

  3. How can any company that has the cash and other assets be allowed to simply foreclose and not pay the debt? Simon, pay the debt and sell the property yourself. Don't just stiff the bank with the loan and require them to find a buyer.

  4. If you only knew....

  5. The proposal is structured in such a way that a private company (who has competitors in the marketplace) has struck a deal to get "financing" through utility ratepayers via IPL. Competitors to BlueIndy are at disadvantage now. The story isn't "how green can we be" but how creative "financing" through captive ratepayers benefits a company whose proposal should sink or float in the competitive marketplace without customer funding. If it was a great idea there would be financing available. IBJ needs to be doing a story on the utility ratemaking piece of this (which is pretty complicated) but instead it suggests that folks are whining about paying for being green.

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