Conexus Indiana’s top executive to depart in June
Mark Howell, 56, who joined Conexus in 2018, plans to focus on volunteer and philanthropic activities after leaving the Indianapolis-based not-for-profit, the organization said Wednesday.
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Indianapolis-based Bastian Solutions on 400-employee hiring spree
Bastian Solutions, which makes conveyor systems, robotics and other automated materials-handling items often used by the retail industry, has seen growth accelerate because of the pandemic.
Automakers embrace electric vehicles, but what about buyers?
The world’s major automakers have made something abundantly clear: They believe electric vehicles will dominate their industry in the years ahead. But the American public is far from sold on the idea.
Hurco gets first new chief executive in 20 years
The manufacturer on Friday announced an immediate shuffle in its leadership ranks that moved longtime chief executive Michael Doar into the position of executive chairman of the board.
Allison Transmission expects revenue, profit to rebound this year
Allison Transmission’s fourth-quarter financial performance exceeded analysts’ revenue expectations but fell short of profitability forecasts.
Allegion hires new Carmel-based exec to lead Americas business
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.
Cummins saw stiff drop in sales, profit in 2020, but exceeded market expectations
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 to close 82-worker climate control business in Franklin
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.
General Motors to eliminate gasoline and diesel light-duty cars and SUVs by 2035
The electric-vehicle industry has grown exponentially in the past decade but still represents less than 2% of automobiles sold in the United States.
Greenwood-based filter company expands its manufacturing plant, workforce
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.
Cummins to close 300-worker Memphis turbocharger plant
A key reason for the closing is because turbochargers are lasting longer, “decreasing the demand for remanufactured turbochargers,” the company said in a statement.
A year of poor planning led to carmakers’ massive chip shortage
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.
Manufacturers hope Biden’s environmental policies will boost electric vehicle sales
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.
Calumet Specialty Products names new CFO
Lewis Todd Borgmann, 38, had been serving as interim CFO since September, following the departure of former CFO Keith Jennings.
Fiat Chrysler, Peugeot shareholders approve merger
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.
Carmel-based Delta Faucet to acquire New York-based maker of kitchen, bathroom fixtures
Like Delta, Kraus USA makes sinks, faucets and other accessories for kitchens and bathrooms. Delta also was attracted by Kraus’ strong online retail presence.
Pfizer, BioNTech to supply U.S. with additional 100M vaccines doses
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.
Local sporting goods supplier paying $600K to settle discrimination allegations
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.
Elkhart-based RV maker acquires competitor for $300M
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.
Pandemic slows reopening of Fiat Chrysler factory in Kokomo
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.