Articles

Government to lose $14B of auto bailout funds

The Obama administration said Wednesday that the government will lose about $14 billion in taxpayer funds from the bailout of the U.S. auto industry, a third of the loss officials had initially estimated.

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Kokomo, Marion team up to draw auto jobs

Two central Indiana cities with deep roots in the auto industry are launching a new cooperative agreement aimed at attracting more automotive manufacturers and suppliers to the area.

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Honda set to bump up production, except in Indiana

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.

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As Japan shutdowns drag on, auto crisis worsens

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.

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GM to pay more than $400 million in worker bonuses

Less than two years after entering bankruptcy, General Motors will extend millions of dollars in bonuses to most of its 48,000 hourly workers as a reward for the company's rapid turnaround after it was rescued by the government. Workers in Kokomo could get $3,000.

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