Jury returns $83M asbestos verdict against Indianapolis clay manufacturer
The verdict against American Art Clay Co. includes $60 million in punitive damages
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White House says it blocked U.S. Steel’s decision to stop processing steel at Illinois plant
U.S. Steel reversed course and said it would continue to supply raw steel slabs to Granite City “indefinitely” and that it had “found a solution to continue slab consumption at Granite City.”
Plastic container manufacturer to employ 56 workers in Whitestown
Members of the Whitestown Town Council unanimously approved a personal property tax abatement for Ring Container Technologies, which plans to invest $77 million in an existing warehouse.
U.S. Steel to end steel production in Illinois, ‘optimize’ operations in Indiana, Pennsylvania
U.S. Steel will cut production at the Illinois plant, likely in November, but it won’t lay off any of the roughly 800 workers there or reduce their pay, it said.
US manufacturing activity contracts for 6th straight month
At the same time, there were a few hopeful signs about the outlook. Orders expanded for the first time since the start of the year.
Purdue adds slew of ‘job-ready’ academic programs at Indianapolis campus
Over the next two years, Purdue will launch 15 new academic offerings spread between undergraduate and graduate degrees and a few certificate programs.
Trump administration investing in US rare earths in push to break China’s grip
U.S. production of crucial components in electric vehicles, smartphones and fighter jets is set to expand rapidly in the coming years, as the Trump administration intensifies efforts to build up the critical mineral industry in the United States.
Lucas Oil founder Forrest Lucas dies at 83
Lucas, who was born in southern Indiana, built Lucas Oil Products into a household name by signing a sponsorship to put the company’s name on the home of the Indianapolis Colts for 20 years beginning in 2006.
Photon Automation launches energy-focused contract manufacturing division
The Greenfield-based company is expanding with a new division that will provide contract manufacturing and development services for the battery and energy storage industry.
Toyota reports 37% drop in profit, cuts forecast due to Trump’s tariffs
Toyota’s production facility in Princeton, Indiana, is operated through its Toyota Motor Manufacturing Indiana subsidiary, which is the 15th-largest employer in the state.
Stellantis announces job cuts at Indiana EV battery plant
StarPlus Energy LLC, the joint venture between global automaker Stellantis and Samsung SDI, is laying off workers, Stellantis announced Wednesday.
Allison Transmission reduces full-year sales, profitability expectations
Indianapolis-based Allison Transmission Holdings Inc. outperformed analysts’ expectations in the second quarter, but the manufacturer also says its full-year revenue and profits will likely be lower than it had previously expected.
Thousands of Midwest Boeing workers who build fighter jets, weapons go on strike
The vote followed a weeklong cooling-off period after the machinists rejected a proposed contract that included a 20% wage increase over four years and $5,000 ratification bonuses.
Trump’s EPA targeting key vehicle-emissions rules. Here’s what that means for carmakers.
The Environmental Protection Agency’s plan this week to relax rules aimed at cleaning up auto tailpipe emissions is the latest Trump administration move to undo incentives for automakers to go electric.
Stellantis CEO targets US turnaround as carmaker faces $1.7B hit from tariffs
Of the 16 million cars Stellantis produces for sale in the U.S. market, 8 million are made in domestic plants, and another 4 million in Canada and Mexico—all with a large number of U.S. components.
Drug manufacturing facility offers new hope in cancer fight
New Jersey-based drugmaker Bristol Myers Squibb this month dedicated its first production facility in Indiana, a former north-side warehouse transformed with $160 million into a clean-room manufacturing site for radiopharmaceutical cancer therapies.
US automakers say Trump’s tariff deal with Japan puts them at disadvantage
U.S. automakers say they will face steeper import taxes on steel, aluminum and parts than their competitors.
Stellantis warns of $2.7B loss in first half due to tariffs, big changes
The automaker, which earlier this year laid off workers in Kokomo, anticipates an impact of about $351 million for net tariffs incurred, as well as planned production losses.
Manufacturing stuck in rut despite subsidies from Biden, protection from Trump
The Institute for Supply Management, an association of purchasing managers, reported that manufacturing activity in the United States shrank in June for the fourth straight month.
Nippon Steel looking to double its steel output in United States within 5 years
At U.S. Steel, Nippon Steel plans to invest $11 billion by 2028 to upgrade aging production facilities. The plan includes at least $3.1 billion in investments for the Gary Works mill in Indiana.