Honda's North American factories will return to near-normal production at most plants in August, the company said Thursday. However, full production of the Honda Civic, which is built at plants in Indiana and Ontario, might not resume until the end of the year.
The battery maker has been hurt by slow sales of electric car manufactured in Elkhart.
More than half of hourly employees have already retired or accepted transfers to other GM facilities.
Honda Motor Co. warned U.S. dealers Monday that it will run short of popular models such as the Civic compact later this summer because of parts shortages caused by Japan's earthquake.
The industry is waiting for the magic combination of high fuel prices and government-backed incentives to turn potential into profit.
Electric car maker Think hopes to kick-start sluggish sales through a rebate program available only to Indiana residents.
Navistar has recalled 120 workers who were laid off when Indianapolis Casting Corp. stopped production at the facility in late 2010 and plans to recall 30 more of those workers by June.
Toyota Motor Corp. has extended production cuts at its North American factories into early June as it struggles to deal with parts shortages caused by the earthquake that hit Japan.
Steel Dynamics earned $105.9 million, compared with $65 million in the year-ago quarter. Revenue rose 30 percent, to $2 billion. Analysts were looking for $1.91 billion.
Battery maker Ener1 Inc. has fired Chief Operating Officer Rick Stanley, who was also president of the company's Indianapolis-based operation, EnerDel Inc.
Subaru of America is halting production on one of its Lafayette plant's production lines for four days due to a parts shortage caused by Japan's devastating earthquake and tsunami.
Toyota Motor Corp. announced Friday that its Indiana plant in Princeton will operate on a reduced production schedule in the coming weeks, but employees will not lose work because of it.
This fall, Indiana University-Purdue University at Columbus will roll out its first four-year mechanical engineering program.
The Columbus-based engine manufacturer says it is hiring across the board to meet strong demand worldwide and in anticipation of an economic recovery.
Allison Transmission is not a household name like Google or General Motors, but it won’t lack an audience for its planned $750 million initial public offering.
Remy’s transformation since 2007, when a $700 million debt load propelled it into bankruptcy court, could be fodder for business-school case studies of the 21st century.
Gestamp Automocion makes metal components for the auto industry, employing 18,000 people worldwide. Now it is branching into the staid niche of casket manufacturing.
Subaru of America is slowing production at its Lafayette plant because of a temporary auto parts shortage caused by Japan's devastating earthquake and tsunami.
Pendleton-based manufacturer Remy International Inc., the former General Motors Co. unit that exited bankruptcy in 2007, has filed plans to raise up to $100 million through an initial public stock offering.
In the weeks ahead, car buyers will have difficulty finding the model they want in certain colors, thousands of auto plant workers will likely be told to stay home, and companies such as Toyota, Honda and others will lose billions of dollars in revenue.
