The Autoquip Corp. has completed its acquisition of American Lifts in Greensburg and will be moving nearly 50 jobs to company headquarters in Guthrie, Okla.
Indiana manufacturers, many of which have suffered major job losses, are optimistic the economy will rebound next year,
according to an annual survey commissioned by Katz Sapper & Miller LLP.
Despite a vaguely worded veto threat by President Barack Obama, the House on Thursday easily adopted a major defense
policy bill that calls for continued development of a costly alternative engine for the Pentagon’s next-generation fighter
Evansville-based Accuride Corp. filed for Chapter 11 bankruptcy protection Thursday as part of a restructuring of debt.
The measure holds potential bad news for Indianapolis engine maker Rolls-Royce because it does not contain funding for a key
jet engine the company produces, but lawmakers are expected to restore funding when the Senate and House combine bills into
a final version.
Enginemaker Cummins Inc. is temporarily adding a second production shift at its MidRange Engine Plant south of Columbus, recalling
as many as 270 workers who had been laid off or transferred to other facilities when it was idled in May.
Caterpillar Inc. plans to lay off about 100 workers from an Indiana engine plant where it has already cut hundreds of jobs.
Whirlpool Corp. has notified state officials that it will continue to operate its refrigeration product development center
in Evansville that employs nearly 300 people.
The motorcycle manufacturer is considering a Shelby County site at the same time that it’s pushing for concessions from the
union in York, Pa.
Bright Automotive and EnerDel are well known for their development of components for hybrid cars, but the region has several
other players poised to be big players in the sector. In fact, few realize that North America’s largest producer
of electric motors for hybrid vehicles is based northeast of Indianapolis, in Pendleton.
Indianapolis-based Hurco Cos. this morning reported another quarterly loss after sales dropped a staggering 64 percent. Hurco
lost $1.2 million, or 19 cents a share, in its fiscal third quarter ended July 31. The company had a profit of $5.8 million,
or 90 cents a share, during the same quarter last year.