General Motors Co.’s delayed decision to recall almost 2.6 million cars for ignition-switch defects is being investigated by Indiana Attorney General Greg Zoeller, a spokeswoman for his office said.
The automaker says 15 employees—many of them senior legal and engineering executives—have been forced out of the company for failing to disclose the defect linked to 13 deaths.
Factory workers gathered Monday to celebrate the first day of production on the 2015 model, which is among three Subaru vehicles built at the 3,600-worker plant.
It's the maximum penalty that the government can impose and the first time an automaker has been fined that much. But the amount is less than a day's revenue for the automaker.
At full capacity, the Tipton plant will be able to ship about 800,000 transmissions annually to assembly plants in Toledo, Ohio, and Sterling Heights, Mich., as well as Italy, Turkey, Brazil and China.
Fuji Heavy Industries Ltd., the maker of Subaru cars, will stop making Camry cars in the U.S. for its largest shareholder, Toyota Motor Corp., in the second half of 2016. About 100,000 Camrys are made annually at the Indiana plant.
U.S. car buyers came out of hibernation in April to spend on pickup trucks and SUVs, fueling an auto sales rebound that analysts expect to last the rest of the year.
Chrysler expects to have up to 850 workers at the Tipton factory, with a goal of it producing 400,000 transmissions by year’s end.
So far this year, automakers have recalled about 9 million vehicles in the U.S. If that pace continues, the nation would break the record of 30.8 million recalled vehicles set in 2004.
U.S. Attorney General Eric Holder said it is the largest financial penalty of its kind ever imposed on an auto company.
The founder of University Loft Co., one of the nation’s biggest suppliers of college dorm room and military base furniture, is now venturing into the world of alternative transportation.
Subaru is moving ahead with its plans for spending more than $400 million to expand and upgrade its Lafayette factory while significantly scaling back the expectations for new jobs.
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.
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.
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.
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.
