Demand is weak because so many Americans are under shelter-in-place rules and businesses have been closed because of the coronavirus outbreak.
Asbury Automotive furloughs 215 employees at local car dealerships
Asbury, which has eight Indianapolis-area dealerships, said it’s furloughing 2,300 employees across its 10-state operating footprint due to a sharp drop-off in sales and service revenue.Read More
Startup’s solution to back pain gaining traction with auto industry
Comfort Motion Global has five patents on a software-based system that uses algorithms to make periodic micro adjustments to automobile seats.Read More
Holcomb announces $400M Fiat-Chrysler investment, teacher pay plan in speech
According to Gov. Eric Holcomb’s prepared remarks, Fiat-Chrysler will invest $400 million in its Kokomo facility and hinted that an announcement will be made on Friday from Toyota in Princeton.Read More
Honda spending $4.2M, adding 34 jobs to produce hybrid CR-V in Greensburg
The CR-V Hybrid will be introduced in early 2020 and will be the company’s first electrified sport-utility vehicle in the United States. It is part of Honda’s larger plan to apply its two-motor, hybrid-electric system to all of its core U.S. models in the coming years.Read More
BWI Group—also known as BeijingWest Industries Co.—said the layoffs are necessary because Gov. Eric Holcomb ordered all non-essential businesses closed and because the Ford plants it supplies have shut down their production lines.
Volkswagen has offered to buy the rest of Navistar International Corp. to secure a bridgehead in the U.S. heavy-truck market and step up its challenge to Daimler and Volvo.
Aptive Plc, a mobility tech company formerly known as Delphi Automotive, plans to open a $9 million engineering lab in Westfield, the city announced Monday night.
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.