Manufacturing & Technology

Tesla luxury electric car seeking outpost at Fashion MallRestricted Content

September 7, 2013
Scott Olson
Tesla Motors Inc. is eyeing space in the Fashion Mall at Keystone and is seeking a zoning variance to sell cars there and to install charging stations within the parking garage.
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Hurco profit plummets on lower revenue

September 6, 2013
 IBJ Staff
Sales for the Indianapolis-based manufacturer decreased across all regions during the quarter, including in its biggest market, Europe, where they fell 11 percent.
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Asian automakers dominate in good month for car sales

September 5, 2013
Bloomberg News, Associated Press
Honda and Subaru led U.S. sales gains in August as auto demand beat projections and Asia-based carmakers, buoyed by Toyota Motor Corp., combined for their best month ever.
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Tech group to trumpet city's digital marketing niche

September 3, 2013
Dan Human
The tech community is rallying around an initiative to brand Indianapolis as the "marketing technology capital of the world," trading on the success of such firms as ExactTarget and Angie's List.
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Ford recalls 370,000 cars

September 1, 2013
Associated Press
Potential corrosion to the cars' steering shafts might result in loss of control. No incidents or injuries have been reported.
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Omnicity lured teen to invest, state saysRestricted Content

August 31, 2013
Chris O'Malley
State securities regulators allege that principals of Omnicity Corp. goaded a 19-year-old to invest $100,000 from his inheritance into the wireless broadband firm so that it could clinch the purchase of an Ohio carrier in 2010.
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Salesforce's bet on ExactTarget starts to pay off

August 30, 2013
 IBJ Staff and Bloomberg News
The $2.5 billion purchase of ExactTarget will add $140 million to $145 million in revenue this year for Salesforce.com, the firm said Thursday. Its shares soared 13 percent in Friday morning trading.
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Local manufacturer to be acquired for $41 million

August 29, 2013
 IBJ Staff
United Kingdom-based Meggitt PLC plans to acquire Piezotech LLC, a manufacturer founded in Indianapolis in 1967, for $41.2 million, the companies announced Wednesday.
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ExactTarget parent cutting 200 jobs worldwide due to merger

August 29, 2013
Dan Human
Salesforce.com confirmed Thursday that its recent buyout of Indy-based ExactTarget creates "synergy," leading to layoffs. Effects on Indianapolis employment are to be "minimal."
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United plans direct flights between San Francisco, Indianapolis

August 28, 2013
Mason King
The daily flights, which are expected to begin on Jan. 7, will fulfill a longtime wish of local tech firms eager for more direct access to the West Coast and Silicon Valley.
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Subaru considers ways to fix its supply problem

August 28, 2013
Bloomberg News
Subaru,  which employs about 3,600 people in Lafayette, is taking measured steps to expand its production capacity, but today it is worried about running out of cars.
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'Prototyper' sees business gain fizzRestricted Content

August 24, 2013
Dan Human
TWeatherford Inc. was launched in 2006 as a reseller for additive manufacturing equipment, often called 3D printers or rapid prototypers. It has done well with the machinery sales and rentals, but has begun providing actual manufacturing services on a larger scale.
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Central Indiana city yanks support from solar-panel maker

August 22, 2013
Associated Press
Columbus is shutting off some of its financial assistance to a solar panel manufacturer because the company hasn't hired enough workers.
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iGoDigital founder sues to fend off dispute over $21M sale

August 21, 2013
Dan Human
Eric Tobias' filing in federal court is intended to head off a potential challenge from a key contractor who believes he is owed more from the company's sale to ExactTarget in 2012.
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Cummins plans to add 500 jobs for Nissan engine

August 20, 2013
 IBJ Staff, Bloomberg News
Cummins said the 5-liter, V-8 turbo diesel will be built in Indiana at the company's historic plant in downtown Columbus, creating up to 500 jobs over the next several years. About 300 people currently work on the V-8 program.
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Cummins to announce engine contract, more jobs

August 20, 2013
 IBJ Staff
Columbus-based Cummins Inc. plans to announce Tuesday afternoon an agreement with Nissan Motor Co. to supply diesel engines for Titan pickup trucks.
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Spurned Indy continues to court manufacturing

August 17, 2013
Anthony Schoettle
Indianapolis is losing manufacturing jobs at a steady, some would say alarming, rate. And the Circle City is not alone, as many metro areas face serious challenges in retaining and attracting manufacturers.
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Fastenal vending machines serve up a revolutionRestricted Content

August 17, 2013
Vending machines, warehouses bristling with technology slash costs.
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Chemical cleanup planned at old factory site

August 16, 2013
Associated Press
The trust created to revitalize and market former General Motors properties has set aside about $7 million to clean up a contaminated site in Kokomo where a factory stood from 1915 to 1993.
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Indiana exports hit record, but growth slows

August 15, 2013
 IBJ Staff
Indiana exports rose to a record $34.4 billion in 2012 while growing at a rate exceeding the Midwest’s and the nation’s.
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Wheelchair lift company shifting work to northern Indiana

August 13, 2013
Associated Press
A company that converts minivans into wheelchair-accessible vehicles plans adding up to 70 jobs at its northern Indiana headquarters by shifting production from a Michigan factory.
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Subaru parent set to reevaluate strategy amid rapid growth

August 9, 2013
Bloomberg News
Executives at the company, which counts Toyota Motor Corp. as its biggest shareholder, will begin discussions this month through next year to determine the long-term direction of the Tokyo-based company.
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Calumet Specialty shares fall after plunge in earnings

August 7, 2013
 IBJ Staff
Shares of Calumet Specialty Products Partners LP dropped as much as 8 percent early Wednesday after the Indianapolis-based company reported a dramatic decline in profit in the second quarter.
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Remy International stock hits 52-week high

August 6, 2013
 IBJ Staff
Shares of Pendleton-based Remy International Inc. closed at a 52-week high Tuesday, a day after the manufacturer announced declining sales and earnings in the second quarter.
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Allison stock slips after owners reveal plan to sell shares

August 6, 2013
 IBJ Staff
The primary investors in Allison Transmission Holdings Inc. are looking to lock in profits by unloading 16.6 million shares of the company for more than $350 million.
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  1. How much you wanna bet, that 70% of the jobs created there (after construction) are minimum wage? And Harvey is correct, the vast majority of residents in this project will drive to their jobs, and to think otherwise, is like Harvey says, a pipe dream. Someone working at a restaurant or retail store will not be able to afford living there. What ever happened to people who wanted to build buildings, paying for it themselves? Not a fan of these tax deals.

  2. Uh, no GeorgeP. The project is supposed to bring on 1,000 jobs and those people along with the people that will be living in the new residential will be driving to their jobs. The walkable stuff is a pipe dream. Besides, walkable is defined as having all daily necessities within 1/2 mile. That's not the case here. Never will be.

  3. Brad is on to something there. The merger of the Formula E and IndyCar Series would give IndyCar access to International markets and Formula E access the Indianapolis 500, not to mention some other events in the USA. Maybe after 2016 but before the new Dallara is rolled out for 2018. This give IndyCar two more seasons to run the DW12 and Formula E to get charged up, pun intended. Then shock the racing world, pun intended, but making the 101st Indianapolis 500 a stellar, groundbreaking event: The first all-electric Indy 500, and use that platform to promote the future of the sport.

  4. No, HarveyF, the exact opposite. Greater density and closeness to retail and everyday necessities reduces traffic. When one has to drive miles for necessities, all those cars are on the roads for many miles. When reasonable density is built, low rise in this case, in the middle of a thriving retail area, one has to drive far less, actually reducing the number of cars on the road.

  5. The Indy Star announced today the appointment of a new Beverage Reporter! So instead of insightful reports on Indy pro sports and Indiana college teams, you now get to read stories about the 432nd new brewery open or some obscure Hoosier winery winning a county fair blue ribbon. Yep, that's the coverage we Star readers crave. Not.

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