Cummins saw stiff drop in sales, profit in 2020, but exceeded market expectations
The Indiana-based manufacturer said sales in North America declined 21% last year, but its sales in China reached record levels, up 25% from the previous year.
Advanced Manufacturing
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Manufacturers hope Biden’s environmental policies will boost electric vehicle sales
During his presidential campaign, Biden detailed a multi-pronged plan to address climate change by, among other things, tightening fuel economy standards and moving the United States to 100% clean-energy sources by 2050.
Panel: Manufacturers must prepare for coming technology revolution
Artificial intelligence, data analysis tools and other digital technology will revolutionize manufacturing and companies need to get ready for it, said panelists at an IBJ/Conexus Indiana industry event Friday.
Allison Transmission’s sales, profit improve from previous quarter’s plunge
Although its financial performance hasn’t yet recovered to pre-pandemic levels, the Indianapolis-based manufacturer’s third-quarter financial results exceeded analysts’ expectations.
Cummins stock surges to record on better-than-expected third-quarter results
The Columbus-based engine maker’s third-quarter revenue and net income rebounded better from pandemic-related lags than analysts had expected.
Allison Transmission calls new $34.5M test center a ‘game-changer’
The new center, on the manufacturer’s Speedway campus, can simulate extreme heat and cold as well as a variety of altitudes and road conditions.
Cummins exceeds expectations despite historic drop in quarterly revenue
Cummins said it expects sales to improve in the third quarter, although the pandemic continues to create considerable uncertainty.
IBJ Podcast: This couple developed a robot that will kill coronavirus in your workplace
Diana and Jason Brugh talks with podcast host Mason King about how they were able develop a robot in just weeks, what it has been like working together, and what the robot costs. Plus, Diana explains her family’s experience with the coronavirus that helped motivate the project.
Cummins to form joint venture with hydrogen storage company
The announcement marks the latest in a series of steps the Columbus-based engine maker has taken in recent years to diversify its offerings in alternative-energy power systems.
Saab hires Hoosier native to lead high-tech facility at Purdue’s Discovery Park
Indiana native and Purdue graduate Robert Ulibarri, 37, has been named general manager for Saab’s aerospace facility in Discovery Park, where he will lead the advanced manufacturing and production for aerospace systems.
Subaru to expand Lafayette plant, add up to 350 jobs
The automaker says it will invest $158 million to build a new service parts facility and add a transmission assembly shop. The 4.7-million-square-foot plant produces about 410,000 vehicles each year.
Cummins sees 4Q sales drop, expects bigger revenue decrease this year
The Columbus-based engine-maker said it expects sales to drop another 8% to 12% in 2020, it expects its full-year 2020 revenue to decline between 8% and 12%, mostly because of lower truck production in North America, Europe, China and India
IU professor builds IoT-based system to save factories millions on energy bills
Amrou Awaysheh, an IU Kelley School of Business assistant professor of operations management, is building an IoT-based system he says can save factories $100 million annually in verified energy savings.
GM strike finally ends as UAW members approve new contract
The deal, which includes modest improvements in pay for new employees and promises that the company will bring full-time temporary workers on permanently, passed this week after being voted on by GM’s 47,000 workers.
Hoosier manufacturers feel trade war sting
As the U.S./China trade war drags on, advanced manufacturers in central Indiana are scrambling to determine their best course of action—and there are no easy answers.
Lilly Endowment pledges $40M for Purdue technology, engineering complex
The Engineering and Polytechnic Gateway Complex is expected to include a component that connects Indiana employers with faculty researchers and students who could serve as future interns or employees.
United Technologies, Raytheon to combine as defense giant
Both companies have major operations in Indianapolis, although United Technologies is already preparing to shed its Carrier Corp. business.
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.
Allison Transmission to build major testing facility in Speedway
Allison Transmission Holdings Inc. announced Thursday that it plans to build a multimillion-dollar vehicle-testing facility in Speedway that will be the only one of its kind in the Midwest.
Rolls-Royce pursues big contract that could boost local jobs by 150
Rolls-Royce announced Monday that it intends to bid on the Air Force’s B-52 bomber re-engining program, which would extend the fleet’s life until 2050.