Remy buyer played hardball leading up to $950M deal
Pendleton-based auto-parts maker Remy International Inc. did squeeze some extra cash out of its acquirer, Auburn Hills, Michigan-based BorgWarner Inc.—but not a lot.
Automakers
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Volkswagen tops Toyota in first-half global sales
Volkswagen overtook Toyota in global vehicle sales for the January-through-June period, the first time the German automaker has come out top in the intensely competitive tallies.
Subaru recalls 72K vehicles over brake issues
The recall covers about 72,000 Outback, Legacy, Impreza and XV Crosstrek models with the company's Eyesight Driver Assist system.
Soaring Subaru closing in on difficult crossroads
Subaru, which has thousands of workers in Indiana, has never seen so much demand from car buyers. But making big moves to boost output could hurt the very thing that customers love about the automaker—its smaller size.
LOU’S VIEWS: The wheeled deal at the IMA
The fact that I never dreamed of cars didn’t diminish the appeal of “Dream Cars”
Report: Automakers fail to fully protect against hacking
Automakers are cramming cars with wireless technology, but they have failed to adequately protect those features against the real possibility that hackers could take control of vehicles or steal personal data, according to an analysis of information that manufacturers provided to a senator.
Mercedes to build model in Indiana, hire hundreds
Mercedes-Benz, the world’s third-biggest maker of luxury automobiles, is contracting out production of the R-Class wagon to a factory in Indiana, a move that will allow it to expand its line of U.S.-built sport-utility vehicles.
Indiana, U.S., shut out of new auto assembly plants
Every plant announced for North America since 2009 has gone to Mexico. The upshot is not only few assembly jobs, but fewer jobs and businesses that feed off of the massive operations.
Automakers end 2014 strongly, pushing some to records
Holiday sales, cheaper gas prices and low interest rates pushed U.S. auto sales to big gains in December, helping the industry close out a strong year.
Butler Auto adding Alfa Romeo, plans new dealership facility
Butler Auto Group plans to move its Indianapolis Fiat and Maserati dealerships to a new facility on 96th Street that also will sell the resurgent Alfa Romeo sports car.
Chrysler plans $266M spending for Indiana plants
The Kokomo City Council voted unanimously Monday night to give initial approval for a 10-year property tax abatement to Chrysler. The automaker said the break would help it retain 212 jobs with a combined salary of $9.8 million.
RV industry shipments on best pace since 2007
RV shipments for the first eight months of 2014 have reached about 246,000 units, a gain of 9 percent from 2013.
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.
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.
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.
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.
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.
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.