Struggling Ener1 receives $4.5M from investor
The parent of Indianapolis-based advanced-battery maker EnerDel received the financing to continue operating while the company evaluates its options to reorganize debt.
Auto Industry
Articles
Allison Transmission still chasing initial public offering
Allison Transmission Inc. hasn’t given up on going public, despite nearly eight months passing since its initial filing with the Securities and Exchange Commission.
NASCAR deal comes at good time for C&R Racing
The company will lose $2 million next year in IndyCar-related business, but company founder Chris Paulsen has no fear.
Honda to cut U.S., Canada production by half
Parts shortages from three months of catastrophic flooding in Thailand have forced Honda to cut U.S. and Canadian factory production by 50 percent for the second time this year. Honda, which employs 2,000 in Greensburg, said it will not lay off any workers.
Bright Automotive signs AM General to build hybrid vans
The northern Indiana factory where AM General once made H2 Hummers could be building plug-in, hybrid cargo vans under a deal with Anderson-based Bright Automotive announced Friday.
Confident automakers adding factory workers
Plants in Indiana and other states are slowly expanding as car companies foresee improved sales due to pent-up demand, population growth and an aging vehicle fleet.
NASDAQ set to remove EnerDel parent from exchange
New York-based Ener1 said in a filing Tuesday with the Securities and Exchange Commission that it would be suspended from the NASDAQ exchange starting Thursday due to non-compliance with filing requirements.
Cummins Inc. profit soars on huge growth in sales
Cummins Inc. reported a 60-percent increase in third-quarter profit as revenue soared 36 percent over the same quarter a year ago.
Honda undeterred by tepid Civic sales, reviews
Through September of this year, Civic sales were 167,384, down 15.5 percent from the 198,272 sold by the same point last year.
Chrysler workers in Indiana approve contract
Workers at Chrysler's largest United Auto Workers local, Local 685 in Kokomo, have voted in favor of a new four-year contract.
EnerDel parent facing shareholder legal battle
At least three lawsuits accuse Ener1, the parent of Indianapolis-based advanced-battery maker EnerDel, of misleading investors about its financial condition.
Chrysler, UAW agree on new contract
The new four-year contract, which still must be ratified by workers, would create 2,100 jobs. Chrysler also agreed to invest $4.5 billion in its plants under the deal. Last year, the automaker announced plans to spend nearly $1.3 billion to update its facilities in Kokomo.
Honda adding 1,000-worker shift at Greensburg plant
The automaker says it expects to begin the new shift at the Greensburg factory on Oct. 24 in a move that will double the plant's annual production to 200,000 vehicles.
Navistar cutting about 130 jobs in Fort Wayne
Navistar International Corp. is planning to lay off about 130 workers from its Fort Wayne operations by the end of the year as it continues consolidation to a new headquarters in suburban Chicago.
Cummins needs to hire 7,000 engineers, CEO says
Columbus-based engine maker Cummins Inc. needs to add 7,000 engineers within five years, CEO Theodore Solso said Wednesday.
Furniture manufacturer plans expansion, 120 more jobs
Goshen-based Wieland Designs Inc. said it will add the jobs by 2015 as part of a $1 million investment to improve existing facilities and purchase specialized machinery to enhance production.
Auto parts maker plans to add 100 jobs in Columbus
Sunright America Inc., a Japanese manufacturer of automotive fasteners, plans to nearly double its current space in Columbus and add the 100 jobs by 2014.
Japanese auto parts maker adding 50 jobs in Franklin
KYB Manufacturing North America Inc. expects to invest $6.4 million to add warehouse and distribution facilities to its existing 51-acre campus in Johnson County.
Auto parts manufacturer to open plant in Steuben County
Michigan-based CTA Acoustics Inc. plans to add 140 jobs by 2014 as part of a $9 million plan to open a plant in the town of Orland in northeastern Indiana.
UAW says deal with GM creates or keeps 6,400 jobs
A new four-year contract deal between the United Auto Workers and General Motors Co. will add or keep 6,400 jobs in the U.S. with a $2.5 billion investment, the union said Tuesday. In Fort Wayne, 150 jobs would be created or retained.