Chrysler has returned $5.5 million in bonds to an Indiana county to settle a dispute over millions of dollars the county spent
toward a transmission plant that a Chrysler supplier stopped building last year.
General Motors Co. will announce later this week that it will draw from its government funding to pay the cost of buying a
chunk of troubled parts supplier Delphi Corp., a person briefed on the company’s finances said Wednesday.
Hummer, the off-road vehicle that once epitomized America’s love for hulking trucks, is now in the hands of a Chinese heavy
equipment maker.
Auto parts supplier Delphi finally exited bankruptcy protection on Tuesday nearly four years to the day it filed for Chapter
11.
A renewable-energy firm is considering manufacturing solar panels in an empty Tipton County plant where transmissions were
to be built for Chrysler automobiles, according to the Kokomo Tribune.
General Motors Co. will go to 24-hour operations at factories in Kansas, Michigan and Indiana to make up for production lost
due to a large-scale factory consolidation announced earlier in the year.
Bright Automotive and EnerDel are well known for their development of components for hybrid cars, but the region has several
other players poised to be big players in the sector. In fact, few realize that North America’s largest producer
of electric motors for hybrid vehicles is based northeast of Indianapolis, in Pendleton.
Carbon Motors this morning officially selected Connersville for its proposed headquarters and manufacturing operations.
Carbon Motors this morning officially selected Connersville for its proposed headquarters and
manufacturing operations.
A rally this morning in Connersville originally intended to help persuade a police car manufacturer
to locate a major factory there appears to be a celebration party.
More than 125 people at General Motors Corp.’s metal-stamping plant in Indianapolis have signed up for buyouts or early-retirement
packages that are worth as much as $115,000 in cash per worker, a union official said this morning.
U.S. Rep. Andre Carson, D-Indianapolis, is taking on General Motors Corp. and Chrysler Corp. in the name of crash victims.
Jobs created by the new manufacturing plant have been offset by losses elsewhere in the community, and related development
remains scarce. But local officials remain optimistic about Honda’s long-term impact.
State Treasurer Richard Mourdock’s attempt to stand up for the rule of law in the Chrysler bankruptcy appears to have been
futile, but we applaud the treasurer for trying. Mourdock went all the way to the U.S. Supreme Court to preserve the rights
of secured creditors in bankruptcy cases.
Hoosier economic development officials are working to attract police-car maker Carbon Motors to Connersville.
Indiana’s $86M incentive package to establish the Subaru plant in Lafayette was initially controversial.
The Obama administration recently reversed a Bush-era policy that prevented states from imposing some of their own environmental policies with respect to corporate average fuel efficiency, or CAFE, standards.
The Indy Racing League is considering delaying adoption of its new engine formula by a year—to 2012—so teams
can afford to make the switch.
A federal bailout for automakers Chrysler and General Motors won’t fix their problems. I think a bankruptcy of these companies is nearly inevitable.
It might also spell the demise of the UAW.
The weakest of the Detroit Three, Chrysler LLC and General Motors Corp., said they would run out of cash in 2009, potentially
eliminating tens of thousands of jobs in Indiana alone.
