Automakers

Hybrid-vehicle hopeful Bright Automotive folding

February 29, 2012
 IBJ Staff
Bright Automotive Inc., an Anderson company that once hoped to become a major hybrid-vehicle player with hundreds of employees in central Indiana, has called it quits after failing to land a $450 million government loan.
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Auto town Kokomo on the mend, but bailout still divides

February 26, 2012
Associated Press
The U.S. auto industry and Kokomo have staged an amazing comeback. But the resurrection of U.S. automakers has done little to resolve a deep political divide over the bailout.
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Toyota's Columbus plant named among magazine's top 10Restricted Content

January 21, 2012
 IBJ Staff
Industry Week will honor the Indiana factory and others from across the country at an April conference in Indianapolis.
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Southwest Indiana Toyota plant produces 3 millionth vehicle

January 18, 2012
Associated Press
Workers at a Toyota Motor Corp. plant in southwestern Indiana are celebrating the plant's production of its 3 millionth vehicle.
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Honda to build new Acura model in Indiana

January 10, 2012
Associated Press
Honda Motor Co. unveiled a trio of new vehicles Monday, including an entry-level car for the Acura brand that will be built in Greensburg.
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Honda reworking Civic in plan to boost sales

December 21, 2011
Bloomberg News
Honda Motor Co. is sprucing up its Indiana-made Civic sedan, which received poor ratings, after less than a year on the market as part of a plan to boost U.S. sales by 24 percent in 2012 for its namesake brand.
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Honda has high hopes for new Acura model made in Indiana

December 12, 2011
Bloomberg News
Honda Motor Co., seeking to revive its Acura luxury brand, is introducing a sedan intended for younger buyers unable to afford higher-end autos.
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Black Friday boosts car sales to best rate since ‘Clunkers’

November 30, 2011
Bloomberg News
U.S. consumers, who set records for retail purchases during Thanksgiving weekend, helped boost U.S. auto sales in November to what is likely to be their fastest pace in more than two years.
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RV industry on slow road to recovery in 2011

November 29, 2011
Associated Press
The recession-dented RV industry pointed Tuesday to modest gains atop last year's turnaround performance as another sign that the sector is on a slow road to recovery.
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Honda's U.S. plants to resume normal output

November 28, 2011
Bloomberg News
Honda Motor Co. said six plants in the U.S. and Canada will reach normal production levels on Dec. 1 after having to adjust output this month because of floods in Thailand.
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Honda to cut U.S., Canada production by half

October 31, 2011
Associated Press
Parts shortages from three months of catastrophic flooding in Thailand have forced Honda to cut U.S. and Canadian factory production by 50 percent for the second time this year. Honda, which employs 2,000 in Greensburg, said it will not lay off any workers.
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Confident automakers adding factory workers

October 28, 2011
Bloomberg News
Plants in Indiana and other states are slowly expanding as car companies foresee improved sales due to pent-up demand, population growth and an aging vehicle fleet.
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Honda undeterred by tepid Civic sales, reviewsRestricted Content

October 22, 2011
Through September of this year, Civic sales were 167,384, down 15.5 percent from the 198,272 sold by the same point last year.
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Chrysler workers in Indiana approve contract

October 19, 2011
Associated Press
Workers at Chrysler's largest United Auto Workers local, Local 685 in Kokomo, have voted in favor of a new four-year contract.
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Solar flop puts energy funding in limboRestricted Content

October 15, 2011
Chris O'Malley
Companies promising thousands of green jobs in Indiana are playing a high-stakes waiting game as federal officials consider the fate of at least $600 million in loan guarantees.
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UAW says deal with GM creates or keeps 6,400 jobs

September 20, 2011
Associated Press
A new four-year contract deal between the United Auto Workers and General Motors Co. will add or keep 6,400 jobs in the U.S. with a $2.5 billion investment, the union said Tuesday. In Fort Wayne, 150 jobs would be created or retained.
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Honda returning to full production despite sales declines

August 22, 2011
Bloomberg News
Honda Motor Co.'s reputation for world-class manufacturing may belie a slipping emphasis on design just as the automaker's U.S. factories—including its expanding Civic plant in Indiana—are preparing to return to full production.
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Indiana electric car company gets new owner

July 25, 2011
 IBJ Staff and Associated Press
Think North America, a company that has been making electric cars at a northern Indiana factory, has a new owner, giving local officials more confidence in its future.
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Navistar seeks more tax breaks after old deal failed

July 6, 2011
Scott Olson
The company, which had planned to close its Brookville Road plant, now is set to create 250 new jobs by investing $19 million in new equipment. It previously received $18 million in tax breaks and repaid $5 million to the city.
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Elkhart mayor worried about car plant's future

June 24, 2011
 IBJ Staff and Associated Press
The bankruptcy filing of an electric car manufacturer has clouded the future of a northern Indiana factory that was touted as an economic boost for an area hit hard by job losses in the recreational vehicle industry.
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Electric car company filing for bankruptcy

June 22, 2011
Kathleen McLaughlin
Think Global, which has a factory in Elkhart and uses batteries made in the Indianapolis area, plans to liquidate its assets, according to supplier Ener1 Inc. Ener1 expects to lose $32 million in the process.
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GM to invest $49M in Indiana plant, affecting 91 jobs

June 8, 2011
Associated Press
General Motors Co. is investing $49 million in its Bedford plant, a move that will help to create or keep 91 jobs.
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Chrysler faces fines over Kokomo plant death

June 8, 2011
Associated Press
State regulators have issued $200,000 in fines against Chrysler for safety violations found during the investigation of a worker's death at a central Indiana factory.
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Bidders at Mecum auction revved up spendingRestricted Content

June 4, 2011
 IBJ Staff
Marengo, Ill.-based Mecum Auctions Inc. recorded vehicle sales in Indianapolis of more than $47 million, versus $41.7 million in 2010.
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Government to lose $14B of auto bailout funds

June 1, 2011
Associated Press
The Obama administration said Wednesday that the government will lose about $14 billion in taxpayer funds from the bailout of the U.S. auto industry, a third of the loss officials had initially estimated.
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  1. 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.

  2. If you only knew....

  3. 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.

  4. The facts contained in your post make your position so much more credible than those based on sheer emotion. Thanks for enlightening us.

  5. Please consider a couple of economic realities: First, retail is more consolidated now than it was when malls like this were built. There used to be many department stores. Now, in essence, there is one--Macy's. Right off, you've eliminated the need for multiple anchor stores in malls. And in-line retailers have consolidated or folded or have stopped building new stores because so much of their business is now online. The Limited, for example, Next, malls are closing all over the country, even some of the former gems are now derelict.Times change. And finally, as the income level of any particular area declines, so do the retail offerings. Sad, but true.

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