Allison Transmission Holdings Inc. kicked its fourth quarter into overdrive with a 70-percent increase in profit over the same quarter in 2012, the firm reported Thursday. But profit for the year was down significantly.
In 2008, the Federal-Mogul factory in Avilla announced an expansion that could bring employment to 170 by 2010. But the company says it now has only 95 employees.
Switzerland-based Autoneum Holding AG said it will lease 300,000 square feet on a 23-acre site at the River Ridge Commerce Center in Jeffersonville.
Toyota remained the top-selling automaker for a second year in a row, beating U.S. rival General Motors by some 270,000 vehicles in 2013.
Toyota built 1.86 million cars and light trucks at U.S., Canadian and Mexican plants in 2013, while Tokyo-based Honda made 1.78 million autos in North America.
An Indiana plant will get $29.2 million to make parts for 10-speed transmissions and for six-speed transmission components. The Bedford facility has about 600 workers.
Mayco International LLC will invest $2.9 million and significantly boost employment at its Hartford City plant, due to new client orders for interior sunshades.
General Motors Co. named Mary Barra to succeed Dan Akerson as chief executive officer, making her the first female CEO in the global automotive industry. Former Cummins Inc. CEO and chairman Tim Solso was named GM's chairman.
The U.S. government ended up losing $10.5 billion on the General Motors bailout, but it says the alternative would have been far worse.
Toyota Motor Manufacturing Indiana Inc. says because of the Highlander it has invested another $430 million into the automotive plant in Princeto. Toyota also plans to add 600 more jobs at the factory by the end of 2014.
An industry report shows that RV shipments to retailers last month were up 29 percent from September and nearly 17 percent more than during October 2012.
When America was making the transition from horse and buggies to the horseless carriage at the start of the 20th century, the city of Anderson was a part of the innovation that changed how the nation would travel forever.
Toyota Motor Corp.’s top North American executive said the carmaker hasn’t decided to end a production deal that supplies it with 100,000 Camry sedans annually from Fuji Heavy Industries Ltd.’s U.S. Subaru plant in Lafayette.
Three residents have appealed the Tipton County planning director’s decision to extend without public notice the building permit originally given to Getrag, which stopped construction at the factory in 2008.
The upcoming Performance Racing Industry Show—in its first year back in Indianapolis since 2004—is beating expectations for exhibitors, attendees and, most important, visitor spending.
Three central Indiana cities that once had thousands of auto workers have joined together in seeking a $20 million federal grant to help attract new businesses to their empty factories.
The company's Greensburg facility turned out its first Honda Civic sedans on Oct. 9, 2008, with about 1,000 workers at the plant. Honda officials say the factory now has more than 2,000 employees.
Early investors in KAR Auction Services are looking savvy. Since November 2012, KAR shares have marched steadily higher, rising from $12.25 to nearly $29.
Heartland Automotive plans to spend $38 million on a factory expansion that could add up to 220 jobs in the next two years.
A member of one of the recreational vehicle industry’s elite families hopes to get a fresh start in Indianapolis by launching a manufacturer of super-high-end RVs.
