Articles

Toyota suspending production at two Indiana plants

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.

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Trailer maker plans to add 100 jobs in Peru

Peru recreational vehicle maker Riverside Travel Trailer Inc. will expand its Miami County operations, creating 100 new jobs
by 2011, the Indiana Economic Development Corp. announced Wednesday morning.

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Cummins reports plunge in profit, revenue

Cummins Inc. said profit for its fiscal third quarter fell 59 percent and sales dropped by 31 percent compared to the same
period last year, though the company said its profitability and cash position improved from the second quarter.

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Gas City dealer offers electric versions of Cadillacs, Hummers

Of all the inappropriate postmarks for the largest distributor of plug-in electric vehicles in Indiana,
Gas City, about an hour north of Indianapolis, takes the prize. But Steve Mitchell, proprietor of Electric Cars
and Carts, figures he’s in the right place as far as business prospects go. Despite a stalled economy, Mitchell’s
electric vehicle sales are up 35 percent over the same month last year.

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First Financial gets sweet deal on Irwin Financial’s bank assets

It’s good to be among the favored few, those blessed by the Federal Deposit Insurance Corp. to scoop up the remnants
of failed banks. Because it was on the FDIC list of approved buyers, Cincinnati-based First Financial Bancorp
was able to acquire Columbus, Ind.-based Irwin Financial Corp.’s banking operations under terms
that would make any deal-maker proud.

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