Fiat Chrysler seeks $40B merger with Renault to create auto giant
The merger would reshape the global industry: The new company would produce some 8.7 million vehicles a year, leapfrogging General Motors and trailing only Volkswagen and Toyota.
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Appeals court says Gary’s lawsuit against gun makers can proceed
The Indiana Court of Appeals on Thursday revived the city of Gary’s lawsuit against 10 handgun manufacturers, thwarting the Indiana General Assembly’s attempt to derail the legal action in 2015.
Trump delays imposing tariffs on auto imports, parts
The White House said Friday that President Trump is delaying for six months any decision to slap import taxes on foreign cars, a move that would hit Europe and Japan especially hard.
Indiana Chamber president says Trump is ‘gambling with other people’s money’ in trade war
Last week, President Donald Trump announced plans to increase tariffs from 10% to 25% on $200 billion worth of Chinese imports that include a wide variety of products like aluminum and steel, frozen fish and meat and wood.
Bloomington-based Oliver Winery now sells in 27 states
Company’s emphasis on sweet wines has helped make Oliver the largest Hoosier winery (by far) and the 44th-largest in the United States.
Packaging company to open Whitestown factory, hire up to 43 workers
Opus Packaging Group said it will invest $3 million to build and equip a 170,000-square-foot facility, its first location in Indiana.
Company plans $9M research facility in Crawfordsville
An Alabama-based company that makes pipes for water, oil and natural gas is planning to build the 30,000-square-foot research and development facility on 17 acres.
Indiana manufacturer plans $5.5M expansion, 226 jobs
A company that designs and makes cutting and grinding products and custom tools is moving forward on an expansion that includes adding more jobs in northeastern Indiana.
Global defense firm Saab plans $37M facility, 300 jobs in Indiana
Saab said the facility will be used to manufacture a significant portion of the T-X advanced pilot training aircraft, which will help train future U.S. Air Force pilots for generations.
Local maker of organic oils rakes in $9.5M in venture funding
The round of financing was led by Indianapolis-based HG Ventures, which is the corporate venture arm of a major shareholder in Biosynthetic Technologies.
Cummins possible suitor for VW peripheral unit valued at $3.4B
Volkswagen AG is renewing efforts to sell minority stakes in non-core operations to streamline its business and focus on the main passenger-car brands, according to people familiar with the matter.
Diamond Chain to retain its name following $84M acquisition
Ohio-based Timken purchased Diamond Chain last month. The Indianapolis-based company makes high-performance roller chains for equipment used in a variety of industries.
Ram truck sales to roll on as key supplier Cummins probes emissions
Indiana-based Cummins will check certification and compliance processes for engines in the 2019 Ram 2500 and 3500 trucks after conversations with the U.S. Environmental Protection Agency and the California Air Resources Board, the company said.
Ford faces U.S. criminal investigation of emissions testing
Ford confessed in February to having taken a flawed approach to using road-load specifications to simulate how aerodynamic drag and tire friction can affect the fuel economy of its vehicles outside testing labs.
Tesla suffers surprisingly large quarterly loss as sales slump 31%
The loss was more than double what analysts had predicted as Tesla lost $702.1 million in the quarter.
Ford to invest $500M in electric vehicle startup Rivian
Ford is sinking a half-billion dollars into electric vehicle startup Rivian in a deal that has the companies working together on a new Ford electric vehicle based on Rivian underpinnings.
U.S. expands probe into air bag failures to 12.3M vehicles
Vehicles made by Toyota, Honda, Kia, Hyundai, Mitsubishi and Fiat Chrysler from the 2010 through 2019 model years are included in the probe, which was revealed Tuesday in documents posted by the National Highway Traffic Safety Administration.
Packaging maker plans $75M facility, 140 jobs in Lebanon
The Lebanon City Council Monday night approved a tax break valued at $1.3 million for U.S. Corrugated Inc., which plans to open a 470,000-square-foot manufacturing facility.
Allison Transmission announces $132 million in acquisitions
The Indianapolis-based company announced Tuesday that it has acquired England-based Vantage Power and the electric vehicle systems division of Michigan-based AxleTech International in two separate deals.
Fruit-flavoring firm to open $11M plant in Greenwood
California Custom Fruits, whose products include fruit bases for yogurts, will erect a 65,000-square-foot plant in the Greenwood Park at 65 South industrial park.