Luis Orbegoso, 50, joins Allegion from American Residential Services. He’ll be based in Allegion’s Carmel office and oversee the security-products company’s operations in the Americas.
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The Indiana-based manufacturer said sales in North America declined 21% last year, but its sales in China reached record levels, up 25% from the previous year.
Mitsubishi Heavy Industries Climate Control Inc., which has operated in Franklin since the 1990s, will cease production next month. Mitsubishi has a turbocharger business in the same facility that will continue to operate.
The electric-vehicle industry has grown exponentially in the past decade but still represents less than 2% of automobiles sold in the United States.
National Trade Supply, located at 2011 Southtech Drive, employs 157 people in Greenwood and 167 at retail locations throughout the state and country. That includes 43 local employees it added last year.
A key reason for the closing is because turbochargers are lasting longer, “decreasing the demand for remanufactured turbochargers,” the company said in a statement.
Carmakers with more software and chip expertise are set to face a smoother ride, while those whose traditional strength is metal-bending are potentially more prone to supply hiccups.
During his presidential campaign, Biden detailed a multi-pronged plan to address climate change by, among other things, tightening fuel economy standards and moving the United States to 100% clean-energy sources by 2050.
The merged company, to be called Stellantis, will be the world’s fourth-largest auto business. The merger combines legacy car companies that helped write the industrial histories of the United States, France and Italy.
Like Delta, Kraus USA makes sinks, faucets and other accessories for kitchens and bathrooms. Delta also was attracted by Kraus’ strong online retail presence.
Under the nearly $2 billion deal announced Wednesday, the companies will deliver at least 70 million additional doses by June 30, with the remaining 30 million to be delivered no later than July 31.
The U.S. Department of Labor alleged that BSN Sports discriminated against thousands of people who applied for jobs at the company’s Indianapolis production facility. The firm’s settlement is not an admission of guilt.
Thor Industries said the Tiffin Group would operate as a stand-alone division of the corporation, and the Tiffin family would continue to run it.
Company officials had announced in March a $400 million plan to convert a transmission factory so that it could begin engine production within the first three months of 2021.
Production of motor vehicles and parts rose 5.3% in November, the biggest monthly increase since a 31% surge in July.
Allegion executive Tim Eckersley, who has led the company’s Americas division since 2013, will shift to lead the company’s operations in other parts of the world.
A defense and aerospace supplier is set to end operations at the end of January and an auto parts supplier plans to complete its closure by June 30.
Less-strict Trump fuel-economy regulations were supported by most auto makers, many of which were having trouble meeting escalating efficiency standards set when Barack Obama was president. Now, they recognize that change is coming.
The strength in October came primarily from the volatile category of defense orders, with demand for military aircraft surging by 79.1%.