SKARBECK: GM’s return to market not your usual IPO
This unusual taxpayer-owned IPO did create some interesting conflicts.
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Electric car maker starts production at Elkhart plant
Think North America has started work on two-seat electric cars at its northern Indiana facility and expects the first ones to be finished in the coming days.
Chrysler to invest $843 million in Kokomo plants
The investment was announced just ahead of appearances Tuesday by President Barack Obama and Vice President Joe Biden at a Chrysler transmission plant.
Duke Energy exploring other uses for electric-vehicle batteries
The utility, which has about 780,000 customers in Indiana, is teaming with Japanese firm Itochu Corp. to test applications for used electric vehicle batteries. The pilot project builds on Indiana’s clean-tech initiative, Energy Systems Network.
Auto industry bailout pulls Kokomo back from brink
Kokomo's fortunes have been entwined with the auto industry since 1894, when Elwood Haynes invented one of the first automobiles in the United States there. Since the 1930s, when then-Delco (later Delphi) located there, followed by General Motors and Chrysler, the auto industry has been the town's bread and butter.
Feds’ $50M loan to automaker could create 900 jobs
The Department of Energy will announce on Monday it is giving a $50M loan to Vehicle Production Group, which makes wheelchair accessible vehicles in Mishawaka. Officials say they expect the loan to create more than 900 jobs in an economically ravaged part of Indiana.
Truck manufacturing might ramp up 56 percent in 2011
An expected push to refresh the oldest North American commercial trucking fleet in at least 31 years should boost sales at partsmakers like Columbus-based Cummins Inc.
GM shares jump in return to Wall Street
General Motors' return to Wall Street was well received Thursday, as the company’s stock closed up 3.6 percent in its initial public offering.
South Bend to lose 250 jobs with Bosch closing
Auto parts maker says it will close its South Bend facilities by the end of 2011 and will offer about 170 of the 250 employees who work there jobs in other states.
Automotive supplier plans 200 new jobs at Butler plant
Multimatic Inc. plans to expand its northeast Indiana production operation, adding new assembly lines as it aims to create over 200 jobs by 2013—more than tripling employment there.
Motor maker Remy plans expansion driven by electric vehicles
Motor maker Remy International will embark on a major expansion next spring to satisfy growing demand from makers of hybrid and electric vehicles—and Madison County officials think they’re well positioned to land the jobs.
Anderson makes headway in disposing of former GM sites
The city of Anderson is nearing a milestone in its effort to find new uses for numerous former General Motors sites that have been in its possession since 2006.
More job losses coming at doomed manufacturing plant
Automotive Components Holdings, which makes hydraulic steering systems for Ford Motor Co., notified the state this week that it plans to permanently lay off 26 employees during the first two weeks of 2011.
Electric car maker to start work at former RV plant
Think North America plans to start production work on electric cars at a Middlebury-area factory before the end of this year.
Closing of Berne plant putting 250 out of work
Michigan-based Camryn Industries plans to close the facility in Berne on Oct. 15 after the sale of the plant to Visionary Technologies Inc., also based in Michigan.
State auto jobs creeping up again
Employment in Indiana’s auto industry has stabilized, and manufacturers even are hiring in small numbers. Hoosier automakers and parts suppliers added 10,000 workers this year through August, bringing total employment in the sector to 100,400.
UAW rejects pay cuts; local GM plant could close
Union employees at General Motors' Indianapolis metal-stamping plant have overwhelmingly rejected a proposed pay cut that would have kept the facility open.
Ford laying off 249 at doomed east-side steering plant
Ford Motor Co. is continuing the process of shutting down a subsidiary’s east-side steering plant, filing a notice with the state that it intends to lay off 249 employees around Nov. 19.
EnerDel parent nets $20M from Russian investor
New York-based Ener1 didn't disclose how it will use the funds coming from Ener1 Group Inc., a company led by Russian industrialist Boris Zingarevich.
Indy metal-stamping plant faces many hurdles
Persuading workers at General Motors' Indianapolis metal-stamping plant to accept a pay cut would be a feat, but it won't be the last challenge that JD Norman Industries would face.