Powerway finds its Waypoint
Back when the automakers were on a roll, Powerway Inc. looked so promising that a public offering seemed around the bend.
Now Powerway itself is gone—at least in name.
Auto Industry
Articles
Prolonged woes reshape Connersville, city once known as ‘Little Detroit’
With economists predicting the statewide unemployment average will reach 10 percent this year, the experience of a hard-hit
city like Connersville offers a glimpse of what lies ahead for other manufacturing-reliant Hoosier communities.
Quality-control firm launches after key player folds
Entrepreneur Steven J. Cage has launched a new quality-control business after the one he built into an industry leader shuttered suddenly.
Indy Power drops electric-car focus for more lucrative control boxes
After a stint making parts for electric cars, Symphony Motors recently became Indy Power Systems, changing course to make power control boxes for a variety of vehicles and also industrial and military applications.
Subaru plant ushered in new era
Indiana’s $86M incentive package to establish the Subaru plant in Lafayette was initially controversial.
Struggling contractors hope for sale of factory
Contractors struggling under the weight of an unfinished factory in Tipton are hoping for a quick sale to recover at least
some of the $44 million they say they’re owed by Getrag Transmission Manufacturing.
CAFE standards not as effective as gasoline tax
The Obama administration recently reversed a Bush-era policy that prevented states from imposing some of their own environmental policies with respect to corporate average fuel efficiency, or CAFE, standards.
Advanced energy next focus for economic development
The Central Indiana Corporate Partnership—the parent of the BioCrossroads, TechPoint and Conexus industry cluster initiatives—let it be known last month that there would be a fourth leg to its economic development stool: clean technology.
IRL may delay engine switch
The Indy Racing League is considering delaying adoption of its new engine formula by a year—to 2012—so teams
can afford to make the switch.
UAW in tough spot as automakers seek concessions
A federal bailout for automakers Chrysler and General Motors won’t fix their problems. I think a bankruptcy of these companies is nearly inevitable.
It might also spell the demise of the UAW.
City government should shop locally
Good luck getting people to buy from local vendors or manufacturers.
Indian truck maker Mahindra making inroads at local dealers
Indianapolis Ford dealers John Pearson and Ray Skillman will be among the 300 domestic dealers
of Mahindra trucks and SUVs when the company makes its U.S. passenger car debut as early as next summer.
Indiana should brace for auto fallout
The Big Three and the United Auto Workers do not appear to be serious about making the concessions and changes that are necessary
to make them a viable entity for the long haul.
Automotive Finance Corp. writes off $162 million, reflecting slow auto sales
Slowing auto sales have forced Carmel-based Automotive Finance Corp., which lends money to car dealers to buy used vehicles
at auction, to take a big write-off on the declining value of its loan portfolio.
Auto industry requires unparalleled effort
While America’s auto industry is being transformed to become efficient and environmentally conscious, put laid off auto employees
to work educating students.
Economy-minded Honda bucks auto-industry slump
Fueled by its line of gas-sipping economy cars, Honda is expanding in Indiana as car manufacturers almost everywhere else
are shrinking. And the 2,000 jobs the Japanese automaker is promising in Greensburg by 2010 could be just the beginning.
Auto-job slide accelerating
Indiana’s automotive manufacturing employment for the last decade peaked at 142,000 in 1999. Since then, the sector has shed
20,300 jobs-a staggering one-seventh of its total. Another 5,220 are slated to be cut soon. And there’s no end in sight.
Tech firm Powerway seeking rebound
Powerway Inc., the Indianapolis-based maker of manufacturing quality-control software that grew like gangbusters in the 1990s
and aimed for an initial public offering, has endured a dog of a half-decade. But that soon could change. Powerway just hired
an IT industry turnaround expert as CEO.