GM’s deal to sell Indianapolis factory in doubt
A state official says General Motors could scuttle plans to sell an Indianapolis stamping plant marked for closing unless
a local union agrees to consider pay cuts.
A state official says General Motors could scuttle plans to sell an Indianapolis stamping plant marked for closing unless
a local union agrees to consider pay cuts.
The hiring follows Toyota’s announcement this month that it would move some of its Highlander SUV production from Japan to
the Princeton plant.
The automaker will keep open nine of 11 assembly plants—including one in Fort Wayne—to make 56,000 more vehicles
that are in high demand, such as the Buick LaCrosse luxury sedan and the Chevrolet Traverse large crossover vehicle.
The automaker says the investment will help retain 1,200 jobs, pave way for production of new eight-speed transmissions.
Toyota began manufacturing the Highlander SUVs in November 2000 and has been making between 1,000 to 9,000 gasoline vehicles
a month. In April, it produced about 1,900 units.
Fort Wayne officials are working to persuade Navistar to keep its truck design center with more than 800 workers in the city
after the company dropped plans to move its operations to a Chicago suburb.
Event will bring together a delegation of Chinese automakers and Indiana manufacturers to explore business opportunities relating
to hybrid and electric vehicles.
The proposed sites include the Indianapolis Stamping plant on the west side and the former GM Delco Plant 5 in Kokomo.
Investment in transmission and casting plants, however, hinges on city’s ability to offer tax abatement.
Japanese automaker has boosted employment by 200 since August to meet demand for its Outback and Legacy models.
UAW official says General Motors and prospective buyer are working on a “real aggressive” schedule to have the acquisition
completed by the end of June.
City and union officials say General Motors has found a potential buyer for an Indianapolis stamping plant that it has planned
to shut down: JD Norman Industries of suburban Chicago.
General Motors plans to invest $111 million and add 245 new jobs at a plant in Bedford as part of a larger effort to make
its fleet more fuel-efficient.
Investors who had challenged the bankruptcy sale, including the Indiana State Police Pension Trust, had argued that Treasury
Secretary Timothy Geithner violated the Constitution by using TARP money to finance the sale, and had their arguments overruled
in the appeals court.
Toyota Motor Corp. agreed Monday to pay a record $16.4 million fine for failing to properly notify federal authorities about
a dangerous accelerator pedal defect. The automaker still denies the government's
allegation that it violated the law.
Toyota Motor Corp. is expected to agree to a fine of more than $16 million on for failing to promptly report to the government
problems with sticking gas pedals on its vehicles, a Transportation Department official said.
The specialized vehicle can read license plates, sniff for weapons of mass destruction and see people and animals in
the dark.
The five-year tax break could help bring a new research-and-development program for electric vehicles to Kokomo, creating
118 jobs and saving 72.
BMW has won a contract from Indiana-based Carbon Motors Corp. worth more than $1.35 billion to supply engines for U.S. police
cars.
United Auto Workers local president Rich Boruff says 175 people returned to work at the Kokomo plants on Monday, with about
140 more scheduled to return on March 22.