Adesa said it plans to acquire Redwood City, Calif.-based OpenLane Inc. for $210 million in cash. OpenLane expects to sell more than 300,000 vehicles to dealers this year and generate about $100 million in revenue.
Carmel-based used and salvaged vehicle auctioneer KAR Auction Services, Inc. said it lost $14.3 million in the second quarter due to the early payoff of debt.
Think North America, a company that has been making electric cars at a northern Indiana factory, has a new owner, giving local officials more confidence in its future.
Two new carwash facilities in Anderson and West Lafayette will bring the Indianapolis-based chain to 39 stores.
Officials who want to build two new bridges over the Ohio River and redo a downtown interchange announced Thursday that they've found ways to cut the cost of the project by more than $1 billion.
Indianapolis has one of the highest concentrations of plug-in electric vehicle drivers in the nation, an industry official says.
The battery maker has been hurt by slow sales of electric car manufactured in Elkhart.
Last year’s Mecum auction at Indianapolis reported gross sales of $41.7 million and drew more than 30,000 people.
Carmel-based KAR Auction Services Inc. announced Wednesday that it pulled in profit of $7.3 million in the three months ended Dec. 31, a 38-percent jump from the $5.3 million earned in the same quarter the prior year.
After Tammy and Tony Hanna each lost a parent to cancer, the couple took $175,000 from their parents’ life-insurance policies to start Hanna’s Wrecker Service. It opened in October 2008 with five trucks and 13 employees, and now has seven trucks and 17 workers, and plans to move to a larger site that will allow for additional growth.
Legislature considering use of same technology used to nab those who disregard traffic signals.
Special charge would help offset lost gas-tax revenue.
Owner John Pearson recently purchased the parts business of Paul Harvey Ford, which is ceasing operations after more than 44 years.
FinishMaster Inc.’s shareholders this week approved a deal to sell the Indianapolis-based company to a subsidiary of Uni-Select Inc. for $172 million.
Indianapolis-based FinishMaster Inc. announced late Thursday it will be acquired by a unit of Uni-Select Inc. of Canada for $172 million.
National group led by Indiana University professor says U.S. progress doesn’t stack up well against European counterparts.
After a three-decade absence from the market, Fiat is coming back to the Indianapolis area with new dealerships in Carmel and Greenwood.
The Indianapolis-based distributor of automotive paints and accessories said its third-quarter profit climbed nearly 16 percent, to $3.5 million. Revenue increased 3 percent, to $108.8 million.
Leave it to a couple of recent college grads to make money off of driving home the liquored-up.
The new owner of a long-running classic car auction in northern Indiana has announced plans to finish $1.5 million in improvements
to the facility before running its traditional Labor Day weekend sale for the first time.
