Accolades all around as Allison owners exit
Private equity firms Carlyle Group and Onex Group fared well on their purchase of Indianapolis-based Allison Transmission, with the $763 million each put into the 2007 deal more than tripling in value.
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Toyota adding 180 jobs at Indiana factory
Strong sales for the Highlander and Sequoia SUVs as well as Sienna minivans have boosted production at the 4,700-worker factory near Princeton.
Auto supplier plans $73.5M plant in Boone County
A Japanese auto-parts supplier plans to invest $73.5 million to build and equip a 151,000-square-foot manufacturing facility in the community of Jamestown, adding up to 195 jobs by 2017.
Renault teams with Bollore to promote electric cars
Renault SA is teaming up with French billionaire Vincent Bollore to make electric cars as the two struggle to establish a market for the emission-free vehicles, including one in Indianapolis.
Auto parts supplier plans Indiana factory, 253 jobs
Tenneco Inc. announced Wednesday that work is underway preparing an existing 150,000-square-foot building in a Jeffersonville industrial park for the factory.
Toyota to expand Highlander production, add 300 workers
Toyota Indiana on Friday said it plans to expand operations at its Princeton plant, about 150 miles southwest of Indianapolis, creating up to 300 jobs by 2016.
Domestic auto sales sizzled in July, helped by discounts
General Motors, Ford, Nissan and Chrysler all reported big gains as the major automakers reported July sales Friday.
Allison profit upshifts on North American demand
In its second quarter, the Indianapolis-based manufacturer of transmissions and propulsion systems rode accelerating sales for rugged-duty, student transport, and hydraulic fracturing equipment.
Steel demand feeds shipping boom in Indiana
The automotive industry is behind the increase, pushing steel ahead of longtime leaders iron ore and coal.
GM planning $27M investment in Bedford plant
The automaker filed a tax abatement request for the Bedford factory project, saying it would add about 40 jobs and raise the plant’s employment to some 650 workers.
Greensburg factory to invest $28M, add 250 workers
Workers will be hired as global firm Valeo buys new equipment for its 400,000-square-foot engine cooling factory to start new product lines for Honda, Nissan, Chrysler and Ford.
Telemon unit acquires automotive manufacturer
Westbrook Mfg., founded in 1977, makes electro-mechanical assemblies and wiring harnesses for the automotive industry at its manufacturing plant in Fresnillo, Mexico. The company has about 400 workers.
Auto supplier expected to bring about 250 jobs to Indiana
An auto supplier has signed a lease to move into a new 150,000-square-foot building in Jeffersonville this summer, officials said.
INDIANA 100: Manufacturing employment lags recovery of sector
Emphasis on efficiency, technology is softening job demand.
GM continues down recall road, now citing Camaros
The automaker is recalling nearly 512,000 Chevrolet Camaro muscle cars from 2010 to 2014 because a driver’s knee can bump the key and knock the switch out of the “run” position.
GM ignition-defect recall delay investigated by Indiana
General Motors Co.’s delayed decision to recall almost 2.6 million cars for ignition-switch defects is being investigated by Indiana Attorney General Greg Zoeller, a spokeswoman for his office said.
State excels in manufacturing and logistics, but issues loom
Indiana’s sectors are among the strongest in the nation, according to a recent report. But challenges remain in work force education, the cost of worker benefits, and the pace of innovation.
Heads roll at GM after investigation of defective switch
The automaker says 15 employees—many of them senior legal and engineering executives—have been forced out of the company for failing to disclose the defect linked to 13 deaths.
Subaru starts building new SUV model in Lafayette
Factory workers gathered Monday to celebrate the first day of production on the 2015 model, which is among three Subaru vehicles built at the 3,600-worker plant.
Auto parts maker adding jobs at Muncie factory
Magna Powertrain plans to spend more than $15 million on new equipment for a Muncie factory where it expects to add as many as 50 workers in the coming year.