Fiat Chrysler and Peugeot sign deal for 50-50 merger
The deal creates the world’s fourth-largest automaker, a goliath with the scale to confront the challenges of stricter emissions regulations and the transition to new driving technologies.
Manufacturers
Articles
Ford to add 3,000 jobs in the Detroit area, invest $1.45B
Ford needs to make the investment in new products in an effort to increase market share and prepare for a shift to new propulsion and autonomous vehicle technologies.
Boeing to halt production of 737 Max airliner in January
The message to Boeing Co. from the Federal Aviation Administration was clear: The grounded 737 Max won’t get approval to fly again anytime soon. So the company had little choice but to idle the giant factory where the plane is made.
Indianapolis Airport Authority selling 18-acre tract in Greenfield
Business is booming at Greenfield manufacturer ATMI Indy LLC, which is acquiring the property to accommodate the company’s growth.
Security-products maker Allegion accelerates innovation
The manufacturer has created an innovation studio bent on getting products from concept to market in 120 days or less.
Wet-Nap maker planning to build area production facility, add 90 jobs
Nice-Pak Products, a manufacturer of wet wipes for consumers, health care, food service and other commercial markets, announced plans Wednesday to build a 760,000-square-foot production and warehousing facility in Mooresville, creating 90 jobs.
Nestle to spend $200M to expand Anderson plant, hire 30 workrs
The company is asking the Anderson City Council for a tax break as part of a plan to install new equipment at the factory along Interstate 69.
Cummins to cut 2,000 salaried positions in cost-cutting measure
Cummins said the layoffs are part of a wider effort to trim up to $300 million in costs in response to a slowdown in sales demand.
United Auto Workers approve new 4-year contract with Ford
The four-year agreement gives workers a mix of pay raises and lump-sum payments as well as a $9,000 ratification bonus.
Supreme Court lets Sandy Hook shooting lawsuit go forward
The justices rejected an appeal from Remington Arms that argued it should be shielded by a 2005 federal law preventing most lawsuits against firearms manufacturers when their products are used in crimes.
Ford electric vehicle chief sees more products, sales growth
Next week, Ford will show off an electric SUV that is inspired by the Mustang performance car. It’s the company’s first consumer-friendly fully electric vehicle, and it’s expected to have a range of over 300 miles per charge.
Fiat Chrysler-PSA deal likely to mean fewer brands, models
CEO Carlos Tavares, who used to run Nissan in the Americas and knows the U.S. market well, will not shy away from trimming unprofitable models and brands.
Fiat Chrysler, Peugeot to create world’s fourth-biggest carmaker
The deal is expected to give the merged firm enough scale to confront big shifts in the auto industry, including the race to develop electric cars and driverless technologies. And with 2,640 dealers across the U.S., Fiat Chrysler would have a ready distribution network for Peugeot’s lines of city-friendly cars, family sedans and SUVs.
Allison Transmission tops expectations with third-quarter results
Allison Transmission Holdings Inc. on Wednesday announced third-quarter earnings and revenue that surpassed Wall Street expectations.
Cummins lowers full-year expectations after missing quarterly forecasts
Indiana-based engine manufacturer Cummins Inc. fell short of revenue and profit predictions with its third quarter results.
Automakers side with Trump in legal fight with California
General Motors, Fiat Chrysler, Toyota and many others in the auto industry are backing the Trump administration in a lawsuit over whether California has the right to set its own greenhouse gas emissions and fuel economy standards.
CountryMark CEO Smith retiring after 17 years at helm
CountryMark ranked as the state’s ninth largest company in 2018, with $1.2 billion in revenue. The firm has more than 500 employees, including about 420 in Indiana.
GM strike finally ends as UAW members approve new contract
The deal, which includes modest improvements in pay for new employees and promises that the company will bring full-time temporary workers on permanently, passed this week after being voted on by GM’s 47,000 workers.
Workers at largest GM plant OK labor deal, putting strike near its end
Some production workers could return to work as early as Friday night or Saturday morning, ending a walkout that was big enough to help push down September U.S. durable goods orders by 1.1%, the largest drop in four months.
GM suppliers face lingering revenue fallout from strike
Cars will soon start rolling off General Motors’ factory floors after a month-long shutdown, but the pain from millions of dollars in lost business will linger for some of the automaker’s key suppliers.