Report: Subaru considering Indiana for electric vehicle production
Subaru CEO Atsushi Osaki told reporters during a meeting in Tokyo that Indiana could become the next location of an electric vehicle production site, Reuters reported.
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Automakers on verge of strike as UAW’s contract deadline looms
Union President Shawn Fain said the final decision on which plants to strike won’t be announced until 10 p.m. Thursday.
UAW chief says offers from automakers are inadequate, union ready to go on strike
In an online address to union members, United Auto Workers President Shawn Fain said General Motors, Ford and Stellantis have raised their initial wage offers, but have rejected some of the union’s other demands.
Indianapolis-based Calumet announces CFO transition
Vince Donargo—a veteran financial executive who has worked for several Indianapolis public companies—plans to step down from his position as chief financial officer of Calumet Specialty Products Partners on Dec. 31 and retire at the end of April.
Stellantis reports progress in talks with auto workers, plans new offer
Stellantis, which employs about 7,000 people at plants in Kokomo and Tipton in Indiana, released no details of its offer Monday.
Indianapolis-based Major Tool & Machine expanding capacity in microchips industry
The company, which specializes in metal fabrication and machining, is in the midst of a 51,000-square-foot expansion that will boost its ability to make components for one major customer in the microchip industry.
UAW chief: Union to strike any Detroit automaker that hasn’t reached deal as contracts end next week
A strike against all three major automakers—General Motors, Stellantis and Ford—could cause damage not only to the industry as a whole but also to the Midwest economy, and could lead eventually to higher vehicle prices.
Cummins forms joint venture to build multibillion-dollar battery plant
The joint venture will initially focus on the production of lithium-iron-phosphate batteries for commercial battery-electric trucks.
UAW leader slams companies for slow bargaining, files labor complaint
The United Auto Workers union says it has filed unfair labor practice complaints against Stellantis and General Motors for failing to make counteroffers to the union’s economic demands.
3M agrees to pay more than $5.5B over combat earplugs made in Indianapolis
The settlement would avert a potentially much larger liability that 3M sought to curb through a controversial bankruptcy case involving Indianapolis-based Aearo Technologies that ultimately collapsed.
Auto union boss wants 46% raises, 32-hour workweeks in ‘war’ against Detroit carmakers
If it doesn’t have contracts with General Motors, Ford and Stellantis by the Sept. 14 deadline, the UAW could strike all three simultaneously—something it has never done.
King’s Hawaiian eyes central Indiana for massive production campus
Plans call for the development to include a 368,000-square-foot main manufacturing plant, a 78,000-square-foot cold storage building and an 86,000-square-foot beverage plant.
Auto parts maker to close Indiana plant with 155 workers
The plant produces automotive switch-related components such as steering pad switches, power seat switches, hazards, and door lock switches.
Hoosier companies contributing to NASA’s mission to Mars
The space agency’s Artemis program aims to build sustainable moon infrastructure that can serve as a launching pad for human missions to Mars. Indiana companies from all over the state are helping to make the huge endeavor a reality.
BorgWarner to close Indiana manufacturing plant
The closure will affect about 150 employees at its Morgan Street Production Plant.
Looking for a new car under $20,000? Your choice has dwindled to one.
Just five years ago, a price-conscious auto shopper in the United States could choose from among a dozen new small cars selling for under $20,000. Now, that choice is down to a single vehicle.
Industrial icon U.S. Steel on verge of being absorbed as industry consolidates
A symbol of American industrialization that operated the world’s largest steel plant in Indiana and helped build everything from the United Nations building in New York City to the New Orleans Superdome seems poised to soon be purchased by a competitor.
UAW to vote on strike authorization next week as president says talks with Detroit 3 moving slowly
Union President Shawn Fain has set high expectations for the contract talks and says the union will seek more than 40% general pay raises over four years
Privately held Esmark makes offer for U.S. Steel, sets up bidding contest for iconic steelmaker
Industrial conglomerate Esmark said Monday it has made an all-cash offer to buy U.S. Steel that values the iconic steelmaker at $7.8 billion, topping an earlier offer from rival Cleveland-Cliffs.
U.S. Steel rejects a $7.3B offer from rival Cleveland-Cliffs
The two steelmakers combined have more than 10,000 employees in Indiana.