Automotive

Allisonville bridge closure will be abbreviatedRestricted Content

August 27, 2011
 IBJ Staff
The Indiana Department of Transportation will close the busy span over Interstate 465 for five months instead of seven.
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Adesa to acquire online auction firm for $210M

August 16, 2011
Adesa said it plans to acquire Redwood City, Calif.-based OpenLane Inc. for $210 million in cash. OpenLane expects to sell more than 300,000 vehicles to dealers this year and generate about $100 million in revenue.
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KAR Auctions reports $14M quarterly loss

August 9, 2011
Associated Press
Carmel-based used and salvaged vehicle auctioneer KAR Auction Services, Inc. said it lost $14.3 million in the second quarter due to the early payoff of debt.
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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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Mike's unveils new design for new carwashes

July 5, 2011
Kathleen McLaughlin
Two new carwash facilities in Anderson and West Lafayette will bring the Indianapolis-based chain to 39 stores.
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Electric vehicles gain traction in regionRestricted Content

June 4, 2011
Chris O'Malley
Indianapolis has one of the highest concentrations of plug-in electric vehicle drivers in the nation, an industry official says.
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Officials say bridge project can be changed

June 2, 2011
Associated Press
Officials who want to build two new bridges over the Ohio River and redo a downtown interchange announced Thursday that they've found ways to cut the cost of the project by more than $1 billion.
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Ener1 stock takes beating after Think write-down

May 21, 2011
 IBJ Staff
The battery maker has been hurt by slow sales of electric car manufactured in Elkhart.
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Indiana State Fairgrounds to host collector car auction billed as world's largest

May 7, 2011
 IBJ Staff
Last year’s Mecum auction at Indianapolis reported gross sales of $41.7 million and drew more than 30,000 people.
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Auto auctioneer KAR sees quarterly profit surge

February 24, 2011
J.K. Wall
Carmel-based KAR Auction Services Inc. announced Wednesday that it pulled in profit of $7.3 million in the three months ended Dec. 31, a 38-percent jump from the $5.3 million earned in the same quarter the prior year.
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Wrecker business emerges from sad circumstancesRestricted Content

February 5, 2011
Sean Morrison
After Tammy and Tony Hanna each lost a parent to cancer, the couple took $175,000 from their parents’ life-insurance policies to start Hanna’s Wrecker Service. It opened in October 2008 with five trucks and 13 employees, and now has seven trucks and 17 workers, and plans to move to a larger site that will allow for additional growth.
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Measure would allow photo radar cameras in school and construction zonesRestricted Content

January 29, 2011
Chris O'Malley
Legislature considering use of same technology used to nab those who disregard traffic signals.
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Bill would force owners of electric cars to pay feeRestricted Content

January 29, 2011
Chris O'Malley
Special charge would help offset lost gas-tax revenue.
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Pearson Ford buys wholesale car-parts business

January 29, 2011
 IBJ Staff
Owner John Pearson recently purchased the parts business of Paul Harvey Ford, which is ceasing operations after more than 44 years.
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Shareholders approve FinishMaster deal

January 7, 2011
 IBJ Staff
FinishMaster Inc.’s shareholders this week approved a deal to sell the Indianapolis-based company to a subsidiary of Uni-Select Inc. for $172 million.
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FinishMaster to be acquired in $172M deal

December 10, 2010
 IBJ Staff
Indianapolis-based FinishMaster Inc. announced late Thursday it will be acquired by a unit of Uni-Select Inc. of Canada for $172 million.
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Research panel calls for more rigorous traffic safety

November 27, 2010
 IBJ Staff
National group led by Indiana University professor says U.S. progress doesn't stack up well against European counterparts.
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Fiat dealerships rolling back to metro area

November 17, 2010
Chris O'Malley
After a three-decade absence from the market, Fiat is coming back to the Indianapolis area with new dealerships in Carmel and Greenwood.
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FinishMaster reports higher quarterly sales, profit

November 2, 2010
The Indianapolis-based distributor of automotive paints and accessories said its third-quarter profit climbed nearly 16 percent, to $3.5 million. Revenue increased 3 percent, to $108.8 million.
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Designated driver service coming to Indianapolis

October 2, 2010
 IBJ Staff
Leave it to a couple of recent college grads to make money off of driving home the liquored-up.
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Wishard Health Services rewards carpoolers

July 31, 2010
 IBJ Staff
Landing the best parking spot doesn't always require getting a big promotion.
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Building demolition to begin along Interstate 69

July 19, 2010
Chris O'Malley
Bulldozers await an office complex that previously served as headquarters to August Mack Environmental. It'll be the first building demolished along Interstate 69 to make way for highway expansion.
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Central Indiana aims to become electric vehicle powerhouseRestricted Content

July 3, 2010
Chris O'Malley
Central Indiana might be in line to tap hundreds of millions of dollars in federal grants and loan guarantees to energize the rollout of plug-in electric cars and trucks. Both chambers of Congress are considering measures that would require the Department of Energy to select up to 15 cities nationwide to participate in a national electric vehicle deployment program.
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Smart plug-in is audibly different from conventional modelRestricted Content

July 3, 2010
Chris O'Malley
The future of electric-powered automotive transportation is already sitting in the showroom of the Indianapolis Smart car dealership at 4000 E. 96th St. It’s a European version of the plug-in Smart.
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Plug-in car startup breaks all the rules

June 26, 2010
Chris O'Malley
Wabash-based ClearFlex Automotive is using off-the-shelf technology to design a 2010 Ford Focus plug-in electric vehicle, powered entirely by lead acid batteries. The company is gearing up for initial production of up to three vehicles a day.
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