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Ener1 stock takes beating after Think write-down
May 21, 2011
IBJ StaffThe battery maker has been hurt by slow sales of electric car manufactured in Elkhart.
MoreHonda to cut production of new Civic, other models
May 2, 2011
Associated PressHonda Motor Co. warned U.S. dealers Monday that it will run short of popular models such as the Civic compact later this summer
because of parts shortages caused by Japan's earthquake.
MoreNavistar recalling workers at Indianapolis plant
April 20, 2011
Associated PressNavistar has recalled 120 workers who were laid off when Indianapolis Casting Corp. stopped production at the facility in
late 2010 and plans to recall 30 more of those workers by June.
MoreBattery maker drops Indianapolis president
April 15, 2011
Kathleen McLaughlinBattery maker Ener1 Inc. has fired Chief Operating Officer Rick Stanley, who was also president of the company's Indianapolis-based
operation, EnerDel Inc.
MoreCummins Inc. plans to add 2,500 new jobs in U.S.
April 5, 2011
Associated PressThe Columbus-based engine manufacturer says it is hiring across the board to meet strong demand worldwide and in anticipation
of an economic recovery.
MoreManufacturer crosses over from auto parts to caskets
April 2, 2011
Kathleen McLaughlinGestamp Automocion makes metal components for the auto industry, employing 18,000 people worldwide. Now it is branching into
the staid niche of casket manufacturing.
MoreCEO says transformation prepped Remy International for IPO
April 2, 2011
Greg AndrewsRemy’s transformation since 2007, when a $700 million debt load propelled it into bankruptcy court, could be fodder
for business-school case studies of the 21st century.
MoreRemy International files plans for public offering
March 28, 2011
Associated PressPendleton-based manufacturer Remy International Inc., the former General Motors Co. unit that exited bankruptcy in 2007, has
filed plans to raise up to $100 million through an initial public stock offering.
MoreAs Japan shutdowns drag on, auto crisis worsens
March 27, 2011
Associated PressIn the weeks ahead, car buyers will have difficulty finding the model they want in certain colors, thousands of auto plant
workers will likely be told to stay home, and companies such as Toyota, Honda and others will lose billions of dollars in
revenue.
MoreSluggish demand for electric car forces layoffs at Ener1
March 25, 2011
Kathleen McLaughlinBattery maker Ener1 has laid off about 3 percent of its 770 employees worldwide, partly because of lower-than-expected demand
from the Think electric car being assembled in Elkhart. It had about 380 workers in central Indiana.
MoreAllison Transmission files for $750M IPO
March 20, 2011
Kathleen McLaughlinAllison Transmission Inc. is counting on upgrades to truck and bus fleets in countries like China and India for its future
growth, the company revealed in a filing it made Friday to raise up to $750 million through an initial public offering.
MoreSubaru, Toyota curb output at Indiana plants
March 15, 2011
Associated PressTwo Japanese automakers are scaling back production at North American plants as they assess their ability to get parts from
Japan after that country's devastating earthquake and tsunami.
MoreIPO could help ease Allison Transmission's debt
February 28, 2011
Kathleen McLaughlinAllison Transmission Inc.'s enormous debt load is probably one factor driving the company to consider a public offering,
an investment analyst said Monday morning.
MoreReport: Allison may raise up to $1B in IPO
February 25, 2011
IBJ StaffThe Indianapolis company, the world's largest maker of commercial transmissions, may go public in the third quarter, Reuters
reported.
MoreCummins sells exhaust business to Global Tube
January 25, 2011
Associated PressCummins Inc. will sell its exhaust business, which includes several plants in Wisconsin, to Global Tube, a portfolio company
of the Chicago-based private equity firm Wind Point Partners.
MoreRemy International considering stock offering, CEO says
January 24, 2011
Bloomberg NewsPendleton-based Remy International Inc., the former General Motors Co. unit that exited bankruptcy in 2007, is considering
a public offering of its stock this year, CEO John Weber says.
MoreChrysler to invest another $85M in Kokomo plant
December 14, 2010
Associated PressChrysler Group LLC said Tuesday it plans to invest an additional $85 million in its Kokomo transmission plant. The money is
in addition to the recently announced $1.2 billion investment in other facilities in the north-central Indiana city.
MoreThink car sales benefit battery-maker EnerDel
December 4, 2010
IBJ StaffIndianapolis-based EnerDel is the main battery supplier for Think’s two-seat City.
MoreElectronics maker buying former GM factory in Anderson
November 30, 2010
Northwind Electronics LLC will invest $954,000 to buy, renovate and equip a former General Motors factory in Anderson—creating
as many as 100 jobs in the next two years, state economic development officials said Tuesday afternoon.
MoreTruck manufacturing might ramp up 56 percent in 2011
November 21, 2010
Bloomberg NewsAn expected push to refresh the oldest North American commercial trucking fleet in at least 31 years should boost sales at
partsmakers like Columbus-based Cummins Inc.
MoreAutomotive supplier plans 200 new jobs at Butler plant
November 16, 2010
IBJ StaffMultimatic Inc. plans to expand its northeast Indiana production operation, adding new assembly lines as it aims to create
over 200 jobs by 2013—more than tripling employment there.
MoreMotor maker Remy plans expansion driven by electric vehicles
November 13, 2010
Kathleen McLaughlinMotor maker Remy International will embark on a major expansion next spring to satisfy growing demand from makers of hybrid
and electric vehicles—and Madison County officials think they’re well positioned to land the jobs.
MoreMore job losses coming at doomed manufacturing plant
October 29, 2010
IBJ StaffAutomotive Components Holdings, which makes hydraulic steering systems for Ford Motor Co., notified the state this week that
it plans to permanently lay off 26 employees during the first two weeks of 2011.
MoreClosing of Berne plant putting 250 out of work
October 5, 2010
Michigan-based Camryn Industries plans to close the facility in Berne on Oct. 15 after the sale of the plant to Visionary
Technologies Inc., also based in Michigan.
MoreState auto jobs creeping up again
October 2, 2010
Kathleen McLaughlinEmployment in Indiana’s auto industry has stabilized, and manufacturers even are hiring in small numbers. Hoosier automakers
and parts suppliers added 10,000 workers this year through August, bringing total employment in the sector to 100,400.
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You guys have some "interesting" comments to say the least. I hope you will call in and share those opinions starting June 1. I'm looking forward to having you on the air.
For those who let this information strike a nerve, remember that this is still the America that allows the freedom to achieve dreams and goals. Should you really chastise those who are given a perk on a deal that is supported by the consumer (that is until they don't like the deal anymore due to envy) or should the dream of rewards for working be looked at a little closer? I say lets stick to the deal, go to work,earn our keep, shoot for dreams, change our jobs to have that dream or shut up about others achievements ..............while we are still afforded this liberty of America !
Three Magi
Cats out of the bag. The object of the game is to get acquired. That means the company has no idea how to grow beyond a certain point. Email is a 1990s technology. I have laughed at this company since day one. Such a small bit player. If it was anywhere but here, it wouldn't be newsworthy.
Esther, Indy has passed Chicago in the local government corruption arena. Don't downgrade us. We're No. 1 in the Midwest.