Carbon Motors files for $310 million loan
Carbon Motors yesterday filed for a $310 million federal loan to help it begin producing high-tech police cars in Connersville.
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EnerDel lands $118 million stimulus grant
EnerDel, an Indianapolis-based producer of automotive lithium-ion batteries, will receive $118.5 million in a matching grant
from the federal government.
House bill aims to restore GM, Chrysler dealers
Palmer Chrysler Jeep Dodge on the west side closed last month as part of Chrysler LLC’s bankruptcy reorganization. But
the dealership would sell the company’s cars once more given the chance.
Project aims to make electric plug-in cars a reality
A partnership of electric utilities and technology companies is intent on making Indianapolis the first city in the nation to test plug-in electrics on a mass scale, perhaps starting later this year.
Auto sellers want refuge from industry fallout, but trio of bills have fallen flat at Statehouse
Car dealers fearful of losing their flagship brands if auto manufacturers crash and burn aren’t getting much help from the
Indiana General Assembly.
U.S. 31 project means massive changes for booming retail corridor
Lauth Properties alleges in a lawsuit that the state’s plan to rebuild 13 miles of U.S. 31 in Hamilton County to freeway standards
will cut off access to a property it owns in Westfield, killing plans for a Wal-Mart there.
Leaders driven to finish road linking Interstates 74, 70
Recently elected as a Hendricks County commissioner, Eric Wathen says his top priority is to complete the long-promised Ronald
Reagan Parkway, which would open a congestion-free path through the suburbs of Brownsburg, Avon and Plainfield.
Redevelopment plans threaten Gasoline Alley
Business owners along the fabled Gasoline Alley north of Rockville Road think a proposal to close a north-south road linking
them to the front door of the Indianapolis Motor Speedway will have devastating effects.
Planning for U.S. 31 rebuilding continues
State and federal highway agencies have approved the final environmental impact statement for the 13-mile rebuilding of U.S.
31 from Interstate 465 to 216th Street.
Quest to improve corridors continues in Lebanon
The corridors leading into downtown Lebanon are a step closer to becoming more attractive.
New IRL ethanol deal with Brazil angers U.S. corn growers
The Indy Racing League suddenly finds itself at odds with Midwestern farmers over a decision to make a Brazilian consortium
its ethanol supplier starting next year.
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.
Dreyer & Reinbold adds Maserati luxury line
In the midst of one of the worst financial markets in decades, Dennis Reinbold has launched Maserati of Indianapolis at his
Dreyer & Reinbold BMW Infiniti-Mini complex on the north side.
Brainard defends Keystone project
Carmel Mayor James Brainard is trying to convince his city to pay up to $52 million more than the original amount allocated
for a roundabout interchange project designed to ease congestion on Keystone Avenue.
Indy Park Ride & Fly offers amenities to biz travelers
Hendricks County approved the zoning for a $9 million, 2,312-space parking lot for the Indianapolis International Airport
earlier this year. Indy Park & Ride offers extra services to travelers.
Naming-rights deal puts Lucas Oil in competitive position
Emboldened by the deal he signed to put his company’s name on the Indianapolis Colts’ new home, Forrest Lucas has launched
an arsenal of creative-some would say unorthodox-initiatives to fortify his growing company. Many of them are designed to
help Lucas Oil Products Inc. go head to head with the oil industry’s biggest players.
Area air quality given mixed reviews
Helped by a combination of plant closures and better emission controls, industrial air pollution in the nine-county region
has fallen 14 percent since the economic boom of the late 1990s, a federal database shows. But even with the reductions, the
metro area will struggle to comply with reduced ground-level ozone limits announced by the U.S. Environmental Protection Agency
March 12.
Half-billion-dollar traffic plan considered for northeast side
Whether it’s southbound I-69 traffic backed up almost to Noblesville, or northbound I-465 traffic a parking lot all the way
to 56th Street, the northeast highway system is grossly inadequate at peak hours. But a report issued last month by an INDOT
consultant shows a radical, $600 million reconfiguration is in the works.
Dealer Services Corp. has rival Adesa taking notice
Dealer Services Corp. is an example of what happens when an entrepreneur sells his company to a bigger one and then comes
back to haunt it after he is tossed aside. In this case, the spurned entrepreneur, John Fuller, became a thorn to Adesa Inc.
a few years after its CEO sent him packing in late 2001.
Ex-execs return to Adesa
Less than two years after being driven out of Adesa Inc. as unceremoniously as a Buick down its auction lanes, James Hallett
is back behind the wheel of the nation’s No. 2 wholesale vehicle-auction company.