General Motors Co. will announce later this week that it will draw from its government funding to pay the cost of buying a
chunk of troubled parts supplier Delphi Corp., a person briefed on the company’s finances said Wednesday.
Evansville-based Accuride Corp. filed for Chapter 11 bankruptcy protection Thursday as part of a restructuring of debt.
Fort Wayne officials are concerned they won’t be able to persuade Navistar against moving its truck design center to suburban
Chicago.
EnerDel, an Indianapolis-based producer of automotive lithium-ion batteries, has named a new president, the company announced
today.
Bright Automotive and EnerDel are well known for their development of components for hybrid cars, but the region has several
other players poised to be big players in the sector. In fact, few realize that North America’s largest producer
of electric motors for hybrid vehicles is based northeast of Indianapolis, in Pendleton.
Jobs created by the new manufacturing plant have been offset by losses elsewhere in the community, and related development
remains scarce. But local officials remain optimistic about Honda’s long-term impact.
Back when the automakers were on a roll, Powerway Inc. looked so promising that a public offering seemed around the bend.
Now Powerway itself is gone—at least in name.
Though plagued by debt, Allison Transmission recently plowed millions of dollars into experimental technology that could lead
to new products.
Entrepreneur Steven J. Cage has launched a new quality-control business after the one he built into an industry leader shuttered suddenly.
Attorneys for concrete purchasers who say they were victims of a price-fixing scheme have waged a tenacious legal battle over
the last four years, and .now
they’re ready to cash in.
After a stint making parts for electric cars, Symphony Motors recently became Indy Power Systems, changing course to make power control boxes for a variety of vehicles and also industrial and military applications.
Powerway Inc., the Indianapolis-based maker of manufacturing quality-control software that grew like gangbusters in the 1990s
and aimed for an initial public offering, has endured a dog of a half-decade. But that soon could change. Powerway just hired
an IT industry turnaround expert as CEO.
Fortville-based Genesis Manufacturing makes helmet pads for U.S. troops through Colorado-based Skydex Technologies, which
won a contract this fall with the U.S. Air Force for 120,000 helmet pad kits. Most of the helmets have wound up in Iraq, where
the military has discovered soldiers need something more than Kevlar-lined helmets to survive roadside mines and exploding
Toyotas.
