UPDATE: Electric car maker picks Indiana factory site
The subsidiary of Norwegian-based Think Global projects its new factory in Elkhart could have 415 full-time jobs by 2013.
Auto Industry
Articles
Humvee slowdown costs 250 jobs in northern Indiana
AM General Corp. plans to lay off 250 workers from its Humvee plant in Mishawaka, because the U.S. military is buying fewer
of the vehicles.
Elkhart County OKs tax break for electric car maker
Hard-hit Elkhart County could become home three electric vehicle manufacturers if a Norwegian company chooses northern Indiana
as the site for a new factory.
Indy Power Systems technology cited by Discovery magazine
Founder Steve Tolen started out to make an electric car and wound up with a device to blend and regulate power among different
types of electric batteries.
Former Visteon plant lined up for Carbon Motors
Atlanta-based Carbon Motors is a step closer to producing its high-tech police cars in Connersville after a bankruptcy
judge authorized auto-parts maker Visteon Corp. to sell a closed plant to the city for $500.
Supreme Court rejects Indiana’s appeal of Chrysler sale
The justices on Monday turned down an appeal from the state of Indiana pension funds that earlier challenged the automaker’s
bankruptcy proceedings.
Widow aspires to continue operating Burd Ford
Chris Burd still unsure why husband, Rich Burd, owner of Burd Ford, committed suicide. Burd was an auto dealer in Lawrence.
Ohio manufacturer expanding in northeast Indiana
An Ohio manufacturing company plans to spin off its machining and fabrication operations and set up shop in northeast Indiana,
creating 111 jobs by 2014, state economic development leaders said Tuesday evening.
Auto parts maker to add 130 jobs in Princeton
Automotive component maker Windsor Machine Group will invest more than $4 million to establish a manufacturing facility in
southwest Indiana, eventually creating as many as 130 jobs, the Indiana Economic Development Corp. announced early Wednesday.
EnerDel parent receives $20M investment
The parent of EnerDel, an Indianapolis-based producer of automotive lithium-ion batteries, announced Monday morning that it
has received about $20 million in investment capital from a Japanese company.
Delphi to supply Allison with hybrid components
Indianapolis-based Allison Transmission Inc. announced Monday morning that it has entered into a long-term agreement to have Delphi Automotive Systems Inc. supply it with hybrid drive-system components and energy-storage systems.
Ford delay extends life of east-side steering plant
A Ford Motor Co. subsidiary will start cutting its local work force next year, but won’t close its east-side plant
for good until late 2011.
Some area manufacturers see blue sky after year dominated by recession
The recession decimated Indiana’s auto-parts makers, but many other manufacturers in the state survived. After a year
adrift in the recession, they see signs of land ahead.
Don’t confuse Toyota for GM
Toyota isn’t about to grow complacent like GM did in the ’60s, an analyst says.
State lands $4 million grant to aid autoworkers
The U.S. Department of Labor awarded the Indiana Department of Workforce Development a $4 million grant on Wednesday to help
autoworkers transition into alternate careers.
Heartland RV plans hiring 400 in northern Indiana
Recreational vehicle company says orders for its towable recreational vehicles have increased since Oct. 1.
Cutbacks help Remy improve quarterly profit
Auto parts maker Remy International Inc. said Monday that profit rose to $16.5 million in the third quarter, up from $4.3 million in the same quarter a year ago, as the company cut staff and pay to compensate for lagging sales.
Losses grow for EnerDel parent, but sales rise
New York-based Ener1 reported late Monday that it suffered a third quarter loss of $15.8 million.
FinishMaster profit, sales decline as accident claims fall
FinishMaster Inc. on Thursday afternoon reported a drop in third-quarter profit and revenue compared to the same period a
year ago.
Ford surprises with $1B quarterly profit
Ford, the only Detroit automaker to dodge direct government aid and bankruptcy court, surprised investors with a profit of
nearly $1 billion in the third quarter.