2026 Innovation Issue: Smart manufacturing grant program boosted sector
Demand for the program was exceptionally high, and funds were exhausted each year. But the Legislature didn’t fund the program in the state’s current budget.
Demand for the program was exceptionally high, and funds were exhausted each year. But the Legislature didn’t fund the program in the state’s current budget.
While the world’s biggest carmaker has held steady despite a global slowdown in EV demand and the cost of US tariffs on cars and parts, the bigger test for the auto industry will be the degree of disruption from the Middle East conflict.
Filosa said he was optimistic about swinging back to profit in North America, where the company reported a $1.1 billion loss during the second half of the year, following writedowns and charges.
The rise is being fueled by near-term supply tightness and bets that demand for the metal key in electrification will outpace production.
Still, consumers remain troubled by a stubbornly high cost of living, which has been a major drag on sentiment this year.
GE Appliances announced Thursday it has awarded more than $150 million in new contracts to U.S.-based suppliers as a result of its decision to shift production from China to Louisville.
Stellantis is the 22nd-largest employer in Indiana with about 6,100 full-time Hoosier employees, according to IBJ research.
Hillenbrand Inc., one of Indiana’s largest public companies, is set to become private after being acquired by an investment firm headquartered in Dallas, the company announced Wednesday.
The company had previously said it would make additional investments in several of its Kokomo facilities to produce an all-new vehicle.
BorgWarner closed the 103,000-square-foot facility, which was built in 2018, earlier this year as part of restructuring efforts.
Festool has about 90 employees in Lebanon, where the company’s U.S. corporate headquarters and U.S. repair facilities are located. All of the company’s tools are made in Germany and the Czech Republic.
At the same time, there were a few hopeful signs about the outlook. Orders expanded for the first time since the start of the year.
The majority of GE Appliances’ production is already in the U.S. and the shift means only that the company will transfer more work to its domestic plants.
Documents show sanitation problems similar to those that led to listeria contamination persist at three other company sites—including the company’s Indiana plant.
The deal with DuPont, Chemours and Corteva is the largest such settlement in the state’s history.
Under President Donald Trump’s new tax-cut law, many people for the first time could claim a tax deduction for interest on their vehicle loans. But there are caveats, including whether the vehicle was assembled in the U.S.
Robbins—who initially planned a career in sports medicine—told IBJ that the company’s foray into sports work began in earnest when it printed thousands of Indianapolis maps for the 2012 Super Bowl. It has grown from there.
Constantine, 34, oversees a staff of 11 full-time employees and three part-timers at 900 North Studios, which occupies 12,000 square feet in a building near the intersection of East Washington Street and South Keystone Avenue.
Victory Field, home of the Indianapolis Indians, would just about fit perfectly inside the Jasper-based company’s new 307,000-square-foot facility.
President Trump’s shifting stances on trade and tariffs have upended the planning of many companies that provide parts and equipment to big automakers.