The investment will be used to support additional production of electric vehicle drive unit castings ahead of what GM anticipates will be strong demand for the Chevrolet Silverado EV and GMC Sierra EV full-size pickup trucks.
GM is sticking by a pledge made by Mary Barra to sell more EVs in the U.S. than market leader Tesla by the middle of the decade.
The largest U.S. airlines, which accounted for the bulk of complaints about refunds, avoided fines, and an official said no other U.S. carriers are being investigated for potential fines.
Airline executives say that based on bookings, they expect huge demand for flights over Thanksgiving, Christmas and New Year’s. Travel experts say the best deals for airfares and hotels are already gone.
Indianapolis-based Republic Airways is launching a combination of recruitment, training and retention efforts, including a career fair for middle school, high school and college students.
As the recreational vehicle industry approaches the end of 2022, the nation’s economic malaise and spiking interest rates have caused buyers to tap the brakes on purchasing RVs and drift from 2021’s record-setting numbers.
Carvana had been growing quickly as used car prices soared after the pandemic. But it has been caught in an environment where rising interest rates and high prices have sent many potential used car buyers to the sidelines.
On the table are double-digit pay increases and changes to scheduling rules, which would be a boon to pilots but would increase airline costs.
Cummins said its profitability was affected by several expenses last quarter, the largest of which was the $56 million that the company spent on a one-time bonus to employees.
The latest fatalities bring the death toll from exploding Takata air bags to at least 32 worldwide, including 23 in the United States.
The average annual percentage rate on new-car loans was 6.3% last month, the highest since April 2019, according to Edmunds.
The Air Line Pilots Association said Tuesday that 94% of the nearly 10,000 United pilots who took part voted against a tentative agreement that the union and United reached in June.
The biggest U.S. chain of car dealerships said used-vehicle prices are softening as rising interest rates curb demand from more price-sensitive buyers.
EVs are soaring in popularity amid tax incentives and high gas prices, but how and where to charge up remains a dilemma that’s a barrier for most renters.
The railroads took the unusual step of issuing a statement late Wednesday rejecting the Brotherhood of Maintenance of Way Employes Division union’s latest request to add paid sick time on top of the 24% raises and $5,000 in bonuses they received in the first five-year deal.
Executives at all three big U.S. airlines said they see no indication that consumer concerns about inflation and the economy are hurting ticket sales.
JetBlue emerged as the winner in a bidding war with Frontier to acquire Spirit, the nation’s biggest budget airline. But the deal could still face a challenge from federal antitrust regulators.
One of three Bicycle Garage Indy locations is shifting to the Box Factory development near Massachusetts Avenue and the Monon Trail.
Union officials have pointed to a 2020-2021 increase in incidents involving unruly passengers as demonstrating the need to give cabin crews more rest between shifts.
IndyGo is taking steps to make some of its regular bus stops more like the decked-out stops along its rapid-transit lines, starting with its first “super stop,” which it unveiled Monday.
