Report: Nippon increases investment pledge to $14B if U.S. Steel sale is approved
U.S. Steel first announced plans for the acquisition in December 2023 after another purchase offer from rival Cleveland-Cliffs was rejected.
Manufacturing
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As Indiana manufacturing grows, ‘we clearly don’t have enough electricity,’ Braun warns
Gov. Mike Braun warned that Indiana needs swift solutions for its bevy of water and energy “challenges” to support the state’s expanding manufacturing sector.
U.S. Sen. Todd Young partners on bipartisan bill to jumpstart domestic shipbuilding industry
Young, R-Indiana, and fellow Sen. Mark Kelly, D-Arizona, reintroduced legislation to jumpstart the country’s “rusted” shipbuilding industry and increase onshore ship production that has largely shifted to China.
Cummins withdraws 2025 financial guidance over tariff uncertainty
Cummins Inc. has become the latest in a string of companies to withdraw its 2025 guidance.
Trump eases tariffs on imported auto parts through executive order
U.S. automakers had said the auto levies as previously announced would raise production costs and hit their profits. The auto industry is one of the biggest drivers of manufacturing jobs in the U.S. economy.
Musk says he’ll spend less time in Washington, more running Tesla after profit plunges
The electric vehicle maker reported a 71% drop in profit and a 9% decline in revenue for the first quarter.
Cecil Bohanon and John Horowitz: If the trade policy ain’t broke, don’t fix it
That U.S. manufacturing capacity and output have declined is fake news.
As Trump considers auto tariffs pause, parts exemptions could be key for industry
Though Trump says his tariffs are intended to bolster U.S. auto manufacturing, automakers aren’t able to reconfigure their sourcing in short periods of time, experts say.
Nvidia plans to manufacture AI chips in United States for first time
The tech giant said it has commissioned more than one million square feet of manufacturing space to build and test its specialized Blackwell chips.
Trump orders new review of Nippon Steel acquisition of U.S. Steel
In January, former President Joe Biden blocked the proposed $14.9 billion acquisition of Pittsburgh-based U.S. Steel by Nippon Steel in Japan. However, President Donald Trump on Monday ordered a new review of the deal.
Stellantis offers to help suppliers pay tariff costs
The discussions highlight how the auto industry is beginning to digest the initial fallout from President Donald Trump’s escalating trade war.
Advanced manufacturing training program is evolving to better prep workers for Industry 4.0
Conexus wants to move its Catapult programming on-site with manufacturers that want to hire Catapult graduates. And it plans to reduce its own role in the program.
Despite CHIPS Act uncertainty, semiconductor industry insiders remain hopeful
President Donald Trump has spoken out against the CHIPS Act, meant to incentivize semiconductor-related development in the U.S., but industry insiders say they’re optimistic the initiative will survive.
Report: GM to increase production, add jobs at Fort Wayne plant
The Fort Wayne plant produces the Chevrolet Silverado 1500 and GMC Sierra 1500 trucks, with about 1,300 units produced each day, according to the automaker’s website.
No batteries? Thinner packaging? Businesses look for ways to offset tariffs.
Instead of passing price increases to customers, some companies are exploring cost-cutting options.
Greenwood manufacturer to close facility, lay off 72 workers
A spokesperson said the move is a strategic adjustment to the company’s business structure as part of ongoing efforts to optimize operations.
Automakers report stellar sales ahead of tariffs taking effect
The major car companies say sales rose sharply in March, with most reporting double-digit gains.
Conexus Indiana picks advanced manufacturing veteran as CEO
Indianapolis-based Conexus Indiana focuses on supporting and promoting Indiana’s advanced manufacturing and logistics sector.
Trump places 25% tariff on imported autos, expecting to bring in $100B in tax revenue
Foreign leaders were quick to criticize the tariffs, a sign that President Trump could be intensifying a broader trade war that could damage growth worldwide.
Indy-based Bar Keepers Friend maker sold to East Coast investment firm
Bar Keepers Friend was developed in Indianapolis in 1882 and has been owned by SerVaas Laboratories since 1956.