Allison Transmission struggling to rev up investors
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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Cummins starts hiring freeze as sales slow
Engine maker Cummins Inc. says it has instituted a global hiring freeze for at least the rest of this year with an uncertain impact on announced expansions of Indiana operations.
Carbon Motors still part of plan to revive Connersville plant
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.
Strong Subaru sales might boost Indiana plant work
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.
Toyota adding jobs this fall at Indiana factory
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.
Toyota, Duke to test electric-vehicle technology in Indiana
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.
Florida firm takes majority ownership in Remy
A Florida title insurer and mortgage service has increased its ownership of Pendleton-based manufacturer Remy International Inc. to 50.2 percent.
Violations persist after fatality at Shelbyville glass factory
A Shelbyville glass factory has had almost two years to address safety violations resulting from a worker’s death, but the state says the plant still has a lot of the same problems. Pilkington North America faces $150,000 in fines after an Indiana Occupational Safety and Health Administration inspection in March and April.
Allison reports $413M quarterly profit, but lowers forecast
Allison Transmission Inc. on Monday reported earnings of nearly $413 million in the second quarter after losing $17.2 million in the same period a year ago. The Indianapolis-based manufacturer cut its full-year sales-growth forecast.
Elkhart factory to close by 2013, costing 210 jobs
Auto-parts maker Gunite Corp. plans to move its manufacturing operations to Rockford, Ill., phasing out Elkhart workers beginning in late September.
Auto parts manufacturer plans 325 jobs in Anderson
Automobile parts supplier Greenville Technology Inc. plans to open a $21.4 million plant in Anderson, creating 325 jobs by 2016, economic development officials announced Tuesday morning.
Honda investing $40M in Greensburg, adding 300 jobs
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.
Manufacturers help schools fill training void
Manufacturers—bedeviled by an underskilled labor force—seek highly trained graduates. Career centers—struggling with funding cuts—seek support from companies so classes can keep operating.
Carmakers report strong June sales after May slowdown
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.
Anderson’s former GM plants getting second look
Anderson officials said they are excited that companies have been showing interest in some of the industrial or commercial properties left by General Motors that need or are undergoing environmental cleanups.
Mishawaka factory retools for new wheelchair car model
The AM General factory in northwest Indiana started building the MV-1 car last year for the Vehicle Production Group.
Indianapolis fastest-growing companies run the gamut
This year’s list of fastest-growing private companies in the Indianapolis area is a diverse lot, operating in industries ranging from human resources to office furnishings to construction to home health care and games.
Columbus auto parts maker plans to add 50 jobs
NTN Driveshaft Inc. said it will add the jobs by 2013 as part of an $18 million expansion that will include purchasing additional equipment for its 1-million-square-foot facility.
Chrysler investment paying off at Kokomo plant
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.
Police car maker not giving up on Indiana plans
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.