Allison veteran to ascend to CFO spot in global transmission firm
G. Frederick Bohley, a 27-year veteran of Allison Transmission Holdings Inc., has been named chief financial officer of the Indianapolis-based public company.
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First Subaru Ascent rolls off Lafayette plant’s assembly line
A Subaru plant in northwest Indiana has produced its first Subaru Ascent as part of an expansion that's added more than $140 million in equipment and 200 jobs to the plant.
Zero-percent auto loan era fading into America’s rearview mirror
Carmakers that used zero-percent financing offers to juice sales at the height of the American auto boom are starting to abandon them as rising interest rates lift their own borrowing costs.
Trump administration moves to cut Obama-era fuel-efficiency rules
The Trump administration announced that fuel-efficiency regulations for cars and light trucks are too stringent and must be revised.
Robust international sales give Cummins big boost
The company said demand for medium- and heavy-duty trucks in China increased 40 percent in 2017, in part because government enforcement of vehicle-overloading regulations accelerated truck replacements.
Allison Transmission reports big jumps in profit, revenue
The Indianapolis-based manufacturer exceeded Wall Street expectations in both earnings and sales in the latest quarter.
Fed rate hikes squeezing even the nation’s hottest automaker
Subaru Corp., the only car manufacturer to boost U.S. sales every year in the last decade, is continuing to offer cheap financing on models even as rates rise, pinching margins in a plateauing market.
German auto parts maker plans Indiana expansion, 120 hires
ElringKlinger intends to add $20.6 million in manufacturing, logistics and information technology equipment to its Fort Wayne plant.
Much-sought Toyota-Mazda factory to be built in Alabama, source says
Japanese automakers Toyota and Mazda have picked Alabama as the site of a new $1.6 billion joint-venture auto manufacturing plant that will employ 4,000 people, a person briefed on the decision said Tuesday.
Autocar Trucks lays off 70 workers at Indiana plant
An Indiana company that makes terminal tractors and yard trucks used primarily in the freight industry has eliminated nearly six dozen workers.
Honda to add third model to lineup at Greensburg plant
The automaker will debut a prototype of the 2019 Honda Insight at the North American Auto Show on Jan. 15. Manufactured in Greensburg, the high-end hybrid is set to hit the market next summer.
Vehicle parts maker plans $7M tech center in Fishers
Thyssenkrupp Steering will create 64 new jobs and plans to move existing positions from its operations in Indianapolis to the new location at Exit Five Parkway.
Subaru plant in Lafayette to add another 200 jobs as Ascent production kicks in
As it adds the Ascent SUV to its roster, the Subaru of Indiana Automotive plant in Lafayette plans to boost its already enormous workforce by as many as 200 employees by the end of 2018.
China is giving Cummins a big boost, but will it last?
The company's revenue from China, including joint ventures, rose 46 percent in the latest quarter.
Subaru could surpass Hyundai in U.S. with sales of Indiana-made Ascent
After stringing together a streak of monthly gains nearing six years, Subaru is debuting its new and improved three-row SUV at the Los Angeles Auto Show.
Indianapolis-based engineering firm acquires automotive supplier
Echo Engineering and Production Supplies Inc. expects its revenue to swell to $50 million next year as it takes on more outsourced work from stressed car makers.
Allison Transmission raises forecast after solid quarterly report
Allison Transmission Holdings Inc. raised its full-year sales projections after reporting better-than-expected revenue and earnings in the third quarter.
Indiana out of running for Toyota-Mazda plant, officials say
Toyota and Mazda announced in August that they planned to spend $1.6 billion on a U.S. plant that would employ up to 4,000 workers.
Cummins to acquire Oregon-based battery-pack developer
Cummins said the acquisition is an “important milestone” as it works to introduce its first all-electric engines.
Toyota, Mazda seeking $1B in incentives for joint car factory
Indiana is among more than a dozen states trying to land the $1.6 billion project, which could require a generous outlay from the winning locale.