Toyota Motor Corp. is telling dealers that they should get parts to fix sticky gas pedals later this week. But the 4.2 million
customers affected by a large recall may have to wait a while for repairs.
CEO Mark Comerford’s $1.46 million in total compensation in fiscal 2009 was nearly double Francis Petro’s pay the previous
year—even though the company’s revenue dropped 31 percent in the same period.
Recalled Toyotas have been yanked from used-vehicle auction blocks, but resale values should be protected if Toyota handles
the
recall with “transparency,” according to a local analyst.
Fifteen employees at an east-side automotive plant operated by a Ford subsidiary will lose their jobs on March 31. More job
cuts are expected, as the factory prepares to close by the end of 2011.
A startup that makes mobile laboratory and manufacturing facilities will locate its headquarters, design and manufacturing
operations in Brownsburg, creating at least 50 jobs by 2013.
Local technology firm’s VideoHere system allows companies to embed videos in their marketing e-mails.
Anderson entrepreneur Pete Bitar has been slowed by litigation but still plans to spearhead a team in the competition to
put a rover on the moon.
TechPoint is now accepting nominations for its 2010 Mira Awards.
An instant messenger is one of those technologies that seems silly until you start using it.
Record product orders spur sales at Indianapolis-based software maker Interactive Intelligence, propelling profits to $2.5 million.
Tech executive Scott Webber and a local entrepreneur are out to revolutionize benefit auctions, which, despite their importance
in raising an estimated $16 billion a year for not-for-profits, can be remarkably primitive.
Like most companies that make thousands of parts in automobiles, Elkhart-based CTS Corp. was virtually unknown to the average
car buyer. That was until its gas pedal was blamed for big problems with some very popular cars.
Zipp Speed Weaponry said it will create 105 jobs by 2013 and invest $12.4 million in a new manufacturing plant in Indianapolis
to make its high-end bicycle components.
A Zionsville firm that manages employers’ wireless devices plans expansion, new jobs. Clients
include
such Fortune 500 companies as Intel, Oracle, Ford Motor Co.
Pendleton-based Remy International signs deals with Allison Transmission Inc. in Indianapolis and German automaker Daimler
AG to supply electric motors for hybrid systems. The agreements should help offset a loss of business from General Motors.
Indianapolis-based machine toolmaker’s CEO takes 63-percent compensation cut.
Express Scripts Inc. on the west side of Indianapolis and Zipp Speed Weaponry in Speedway are scheduled Wednesday afternoon
to announce the
creation of hundreds of new jobs.
No immediate layoffs are planned at the two Indiana factories that build Toyota models included in the company’s production
halt as it looks to fix sticking gas pedals.
Toyota is halting production at six North American car-assembly plants—including Indiana facilities in Princeton and
Lafayette—beginning the week of Feb. 1 to fix gas pedals that could stick and cause acceleration without warning.
Edy’s Grand Ice Cream says the new jobs are part of a company consolidation after an expansion of the Fort Wayne plant. The
hiring will increase the facilty’s workforce to about 600 people.
