Segway, which boldly claimed its two-wheeled personal transporter would revolutionize the way people get around, is ending production of its namesake vehicle.
2020 Indiana 100: Cook Group still blazing own trail 9 years after founder’s death
The company, whose largest business is medical devices, generated $2.4 billion in revenue last year and employs 13,531 people worldwide, including 7,699 in Indiana.Read More
Coke bottler planning $55M Whitestown facility to consolidate statewide warehousing
The nation’s largest Coca-Cola bottler is planning to merge its Anderson, Bloomington, Lafayette, Shelbyville and Speedway warehousing and distribution operations into a massive new Whitestown facility by next spring.Read More
Allison Transmission sees first-quarter profit, revenue decline
The Indianapolis-based manufacturer took a blow in the first quarter due to the pandemic, but still turned in results that exceeded analyst expectations.Read More
Cummins’ stock jumps after quarterly results exceed expectations
The Indiana-based engine manufacturer warned that the second quarter will be much more difficult, with production and demand largely sidelined by the pandemic.Read More
The announcement marks the latest in a series of steps the Columbus-based engine maker has taken in recent years to diversify its offerings in alternative-energy power systems.
United Auto Workers represents about 150,000 workers employed by Ford, Fiat Chrysler and General Motors, but it also includes casino workers, university graduate assistants and others.
The pandemic has devastated the diamond world. Jewelry stores closed their doors, India’s cutting and polishing artisans were forced to stay home and De Beers had to cancel its March sale because buyers couldn’t travel to view the merchandise.
The Indianapolis-based machine tool manufacturer said shutdowns related to the COVID-19 pandemic had a dramatic effect on its sales.
The coronavirus pandemic has made many consumers cautious of air travel, cruise ships and hotels, and they now see RVs as a safer mode of travel and better vacation alternative.
Gary Jones acknowledged that he falsified expenses from 2012 to 2017 when he was a regional UAW director. He was promoted to president in 2018 but quit after 17 months as the federal investigation intensified.
For some automakers, the return to full production has been delayed, or it’s been herky-herky, with production lines stopping and starting due to infected workers or parts shortages from Mexico and elsewhere.
The Indianapolis-based maker of oils, lubricants and fuels was among the nation’s largest recipients of Paycheck Protection Program loans, which for the most part were intended for small businesses.
About 133,000 U.S. workers will be pouring back into auto assembly plants that will open in the coming week.
The sporting and recreational equipment manufacturer said it repaid its loan to comply with a rule change in the Paycheck Protection Program.
The security-products maker, whose North American headquarters are in Carmel, exceeded analyst expectations despite a $96.3 million impairment charge because of COVID-19-related uncertainty.
The recall covers certain 2019 Impreza, Outback, Legacy, and Ascent vehicles built from June 26, 2018, through Feb. 25, 2019.
Luke Bosso, chief of staff for the Indiana Economic Development Corp., said during Monday’s media briefing that the state has purchased 1.9 million pieces of PPE so far.
The auto industry—already fretting lengthy factory shutdowns and depressed new-vehicle demand—is starting to sound the alarm about a potential used-car price collapse that could have far-reaching consequences.
Ireland-based Allegion said it will take actions to streamline its business and cut costs. The company’s North American headquarters is in Carmel.
We check in with firms of all stripes to learn how they’re seeking to persevere—and how some are plotting to gain a competitive advantage when normalcy returns.
The company, which has about 350 employees, makes medical-grade refrigerators, freezers and defrosters for vaccines, medicines, blood products and other perishable medical supplies.
Experts on managing factory production say GM is making an extraordinary effort for a company that normally isn’t in the business of producing ventilators.
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.