Cummins hires ex-Indianapolis mayoral candidate
Melina Kennedy has joined the diesel engine maker’s corporate communications team and will be responsible for executive communications, research and speechwriting for CEO Tom Linebarger.
Auto Industry
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Subaru to add 100 jobs as part of $75 million expansion
Subaru already employs 3,600 at its Lafayette facility, with 600 workers added in the past three years. The expansion will ramp up production from nearly 171,000 cars a year to at least 180,000.
Local automotive supplier in line for new city incentive
A shorter-than-usual abatement plan during which no property taxes are paid for three years is expected to help Van’s Electrical Systems invest $427,000 to purchase and rehab a vacant building on the city’s west side.
Honda starts building new Acura hybrid at Greensburg plant
Production of the new Acura hybrid comes after the factory started last year building another alternative-fuel vehicle, the Civic Natural Gas.
Russian investor gives Ener1 fresh start
A Russian timber tycoon who poured millions into a battery maker with Hoosier roots is the new owner of Ener1 Inc. Boris Zingarevich supplied $50 million for Ener1’s March 30 exit from bankruptcy and is moving its headquarters from New York to Indianapolis—already home to its core subsidiary, EnerDel.
Local automobile dealers enjoy big month of sales
New car sales nationally rose about 13 percent last month as consumers replaced aging vehicles and took advantage of cheap financing. Sales were way up for many Indianapolis auto dealers.
Investors still may clean up on some clean-tech bets
The spectacular flameouts of some startup firms underscores the risk of relying on infusions of federal money to keep a business viable.
Honda looks to dealers to boost natural gas station network
Honda Motor Co. wants to double sales of its Indiana-made Civic Natural Gas sedans, but doing so
requires more fuel stations. The car maker wants some of its dealers to install pumps to sell the fuel.
Maker of truck bodies plans to add up to 350 jobs in Goshen
Supreme Industries said it will invest nearly $8 million to refurbish and equip facilities on its 100 acre-campus in Elkhart County.
Greencastle plant key in Ford’s environmental movement
Supplier to begin producing door part made from kenaf, a plant similar to bamboo but related to cotton.
Hybrid-vehicle hopeful Bright Automotive folding
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.
Covington manufacturer plans to add 68 jobs
Urbana, Ill.-based Flex-N-Gate Corp. plans to add positions by the end of the year as part of a $5.1 million expansion at its plant 75 miles west of Indianapolis.
Durable goods orders suffer worst drop in three years
Businesses slashed spending on machinery and equipment in January after a tax break expired, pushing orders for long-lasting manufacturing goods down by the largest amount in three years.
Auto town Kokomo on the mend, but bailout still divides
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.
Local manufacturer tapped for trade mission to Russia
Hoosier Gasket Corp. hopes to land more business in Russia, where a growing middle class and new financing options are fueling the automotive market.
Toyota plans to add 400 jobs in southwest Indiana
Toyota Motor Corp. said Wednesday afternoon it would add 400 jobs in Princeton after consolidating production of its Highlander mid-size SUV.
Cummins posts record results for quarter, 2011
Columbus-based diesel engine maker Cummins Inc. reported record results for 2011, earning $1.85 billion on revenue of $18 billion.
Toyota’s Columbus plant named among magazine’s top 10
Industry Week will honor the Indiana factory and others from across the country at an April conference in Indianapolis.
Southwest Indiana Toyota plant produces 3 millionth vehicle
Workers at a Toyota Motor Corp. plant in southwestern Indiana are celebrating the plant's production of its 3 millionth vehicle.
Honda to build new Acura model in Indiana
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.