Pence signs bill allowing counties to vote on transit expansion
Officials in six central Indiana counties have the go-ahead to seek voter permission to fund a regional bus system.
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Study will seek answers to transportation funding issue
The Indiana Department of Transportation will launch an expansive study seeking new ways to finance road construction and maintenance, according to a bill passed by the Indiana legislature awaiting the governor's signature.
City reports more revenue from parking meter operations
Indianapolis received more than $3 million in revenue from parking meters in 2013, its highest total yet since turning over meter operations to ParkIndy in late 2010.
Toyota dealers trying to stop Ed Martin’s relocation
Butler Auto Group has been selling Toyotas in Indianapolis since 1966. Ed Martin Auto Group has been selling Toyotas in Anderson since the 1980s. So when Toyota Motor Sales USA recently allowed Martin to move its dealership 20 miles west, to Noblesville, Rob Butler started seeing red.
University Loft’s founder now building electric cars
The founder of University Loft Co., one of the nation’s biggest suppliers of college dorm room and military base furniture, is now venturing into the world of alternative transportation.
J.D. Byrider adds franchises in seven states
J.D. Byrider, the largest used-car franchisor in the nation, continued its national growth spurt by opening stores in seven different states between mid-December and Monday, the Carmel-based company announced Tuesday.
Auto auctioneer invests big in tech as sales go online
KAR Auction Services Inc. expects to spend as much as $125 million on technology this year as its focus continues to shift to the Web and apps.
Panel gives Pence half of his $400M road-funding request
The reduction, led by Senate Appropriations Chairman Luke Kenley, was a partial blow to one of the governor's key legislative goals.
I-65 interchange in Greenwood delayed for year
The state highway department says it hasn’t been able to reach land purchase agreements with five property owners for the project.
State wants early access to long-term transportation fund
The Indiana Department of Transportation asked the state Senate Appropriations Committee to approve the release of $400 million saved in a special trust fund created last year.
Locals to get $25M from highway bill, under House changes
Indiana communities could get a sliver of the $400 million proposed for state highway projects, under an amendment from the Indiana House on Thursday.
Car guy falls in love with Tesla after visiting new local dealership—and taking a drive
The new electric-powered Tesla Model S corners a lot like a Lamborghini and has more than twice the range of a Nissan Leaf.
More than 300,000 seek Indiana BMV refunds
A recent court settlement makes more than 4.5 million Hoosier drivers eligible for refunds of $3.50 to $15 each.
Therapist helps seniors, families decide when to relinquish keys
Laura Noblitt is a Zionsville-based occupational therapist with 25 years of experience in geriatric rehabilitation. She has spent half a decade riding shotgun with elderly drivers in central Indiana, determining whether it’s safe for them to stay behind the wheel.
Tim Solso took unlikely path to GM chair
Only 18 months after becoming a director, Solso is preparing to slide into a much bigger job in January—non-executive chairman of the Detroit company.
Well-known auto dealer O’Brien dies at 82
In an auto-sales career spanning more than 50 years, Tom O'Brien built on a single dealership started by his father and created a multi-dealership business that today includes 16 family members.
Private toll road investors shift financial risk to taxpayers
Companies that build private toll roads are pressing states, including Indiana, to assume more financial risk of traffic not meeting expectations, a change that benefits the operators while threatening to increase taxpayer costs.
KAR Auction Services riding the wave of auto recovery
Early investors in KAR Auction Services are looking savvy. Since November 2012, KAR shares have marched steadily higher, rising from $12.25 to nearly $29.
Car dealers curtail advertising boasts
Efforts by trade groups such as the Automobile Dealers Association of Indiana—and, more formidably, a recent crackdown by the Federal Trade Commission—have discouraged the use of potentially misleading ads.
PROXY CORNER: KAR Auction Services Inc.
KAR Auction Services Inc., 13085 Hamilton Crossing Blvd., Carmel 46032, is the holding company for ADESA Inc., which operates used-vehicle auctions at 67 locations; Insurance Auto Auctions Inc., which operates salvage auctions at 163 locations; and Automotive Finance Corp., which provides floorplan financing at 104 locations.