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.
Auto Industry
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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.
Indiana seeks input on spending $41M Volkswagen settlement
Gov. Eric Holcomb on Thursday announced the creation of an 11-member committee that will help determine how to spend the money.
Automakers bounce back with strong sales in September
Strong monthly U.S. sales numbers confirmed expectations that a boost in sales from hurricane-ravaged Texas would push the industry to a September rebound.
Motorsports firm to close Brownsburg manufacturing site
The California-based company will cease production at the facility by the end of the year, laying off about 70 employees. Its performance racing division will remain in Brownsburg, however.
Andretti Autosport inks multiyear extension with Honda
Andretti has captured three IndyCar Series championships with Honda engines—in 2004, 2005 and 2007—as well as five Indianapolis 500 victories.
Auto parts firm plans Fort Wayne expansion, adding 313 workers
Android Industries provides components for the nearby General Motors truck assembly plant.
Volkswagen recalls 281K cars because engines can stall
VW says in government documents that the fuel pump control computer can lose electrical power. That can stop gas from flowing and cause the engine to stop.
China’s Great Wall considers bid for Fiat Chrysler Jeep unit
Chinese SUV maker Great Wall Motors is considering making a bid to buy Fiat Chrysler's Jeep unit, in a possible ambitious new step onto the global stage for China's fast-growing auto brands.
Auto-industry stalwarts Cummins and Allison rev up for era of electrification
Industry players find themselves in a precarious spot. If they don’t embrace the electric-vehicle future, they look backward. But if they dive in with excessive exuberance, they risk wasting hundreds of millions of dollars.
Fast-growing Fishers quality-control firm bought by Japanese companies
Founded in 2009, Stratosphere Quality pushed revenues to about $122 million last year. It employs about 2,300 workers in 22 states, including about 400 in Indiana.
Volvo set to be first major carmaker to forgo traditional engines
The Swedish company, which has been making cars since 1927, said it will begin producing electric motors for all its cars beginning in 2019.
Ford shifting Focus production to China, spending $900M on Louisville plant
Ford Motor Co. will export vehicles from China to the U.S. for the first time starting in 2019. It also plans to make new aluminum-sided Ford Expedition and Lincoln Navigator SUVs in Louisville, securing 1,000 jobs at the plant.
2017 Indiana 100: Cummins aims to transform trucking through tech
Q&A with Sherry Aaholm, Cummins Inc.: “My mother, early on, taught me the value of hard work, the value of recognizing diversity, the value of recognizing engagement and the fact that you’re just as powerful to do what you want to do.”
Cummins to launch its first all-electric products in 2019
The Columbus-based company, known for its diesel engines, says it’s positioning itself for the future in alternative vehicle technologies.
Auto industry supplier plans $40M manufacturing facility, 180 hires
Canada-based Multimatic Inc. says the 125,000-square-foot facility should be in operation in New Haven by the end of the year.
Subaru supplier adding more than 100 Boone County jobs as part of $57M expansion
A joint venture of two Japanese companies that makes steel frames and other parts, primarily for Subaru, said it will double the size of its Jamestown plant to 250,000 square feet.
Ford ousts CEO, taps head of autonomous-vehicle unit as successor
The departure of Mark Fields comes amid sharp criticism of Ford's strategy by shareholders, and a more than 30 percent plunge in the company's stock price during his tenure.