Lee Iacocca, the automobile industry executive who helped launch the Mustang at Ford and save Chrysler from bankruptcy, died Tuesday. Amid his successes, Iacocca presided over one of Ford’s greatest fiascoes: the Pinto, which led to a landmark product-liability case in Indiana in 1979.
The separation of KAR Auction Services and Insurance Auto Auctions is already creating shareholder value, CEO Jim Hallett said.
Later this month some of the world’s best open-wheel race car drivers will look to take the checkered flag at the Indianapolis 500 and guzzle a bottle of milk in the winner’s circle. But one of the big winners this may at the famed Indianapolis Motor Speedway won’t be drinking any milk. That’s because it will be an autonomous car.
Gov. Eric Holcomb declined to say why he signed the law, which allows dealers to charge up to $200 in document fees per transaction. A flurry of lawsuits has been filed against the practice.
Most of the area’s largest car dealers are being sued for charging document-preparation fees that appear to violate state law. But Indiana lawmakers just passed a bill to the governor that would legalize the practice.
The complaint alleges that Andy Mohr dealerships have violated the Indiana Deceptive Consumer Sales Act by “engaging in an unfair scheme to charge vehicle buyers an unlawful document preparation fee.”
Lyft’s IPO raised more than $2 billion to use in its heated competition with Uber to woo riders. Uber is expected to make an even bigger splash when it completes its IPO later this year.
Critics of Indianapolis’ 2010 decision to turn over operations of its parking meters to a private consortium have been counting down the years until their first opportunity to exit the deal.
The Bill Estes Auto Group, which launched its first dealership 43 years ago, confirmed Wednesday it has agreed to be acquired by publicly traded Asbury Automotive Group.
Work on the $13.5 million replacement span in downtown Anderson began in November 2017. Once work on the eastbound lanes is completed, the westbound lanes will be closed again.
One of the bills would restrict changes that could be made to the Interstate 65/Interstate 70 inner loop around downtown. Another would remove the ban on light-rail projects in Indianapolis.
The maker of luxury electric vehicles plans to ax 7 percent of its workforce as it tries to lower prices and break out of the niche-car market.
He thinks his ride-share company, Bloomington-based Nomad Rides, has a unique business model that can carve out market share from goliaths Uber and Lyft.
Ford says that water and contaminants can get into the engine block heater cable and cause corrosion. That can cause electrical shorts and possible fires.
Although Jim Hallett runs a business that sold 5.5 million used vehicles in 120 countries last year, he also knows firsthand what life is like without a car.
The settlement was reached two days after the SEC sued the billionaire over his tweeted claims to have had the funding and investor support to buy out stockholders at $420 a share.
Downtown community groups and neighbors fought the state’s original plan that called for road widening, saying the interstates would encroach even farther into residential areas.