State lands $4 million grant to aid autoworkers
The U.S. Department of Labor awarded the Indiana Department of Workforce Development a $4 million grant on Wednesday to help
autoworkers transition into alternate careers.
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Electric car maker plans Indiana manufacturing plant
Norwegian electric car maker Think Global will locate its U.S. manufacturing facility in Indiana, Reuters reported Tuesday,
citing information from a major investor in the company.
GM reports $1.2B loss, says it shows progress
General Motors Co. said Monday it lost $1.2 billion from the time it left bankruptcy protection through Sept. 30, far better
than it has reported in previous quarters and a sign that the auto giant is starting to turn around its business.
Ford surprises with $1B quarterly profit
Ford, the only Detroit automaker to dodge direct government aid and bankruptcy court, surprised investors with a profit of
nearly $1 billion in the third quarter.
Chrysler returns $5.5M in bonds to Tipton County
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.
GM to draw government funds for Delphi costs, source says
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.
Iconic Hummer brand sold to Chinese manufacturer
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.
Delphi emerges from Chapter 11 after 4 years
Auto parts supplier Delphi finally exited bankruptcy protection on Tuesday nearly four years to the day it filed for Chapter
11.
Renewable-energy firm eyeing Tipton County plant
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.
GM to add shifts at 3 sites, including Indiana
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.
Region’s expertise in hybrid cars goes beyond high-profile players
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 chooses Connersville
Carbon Motors this morning officially selected Connersville for its proposed headquarters and manufacturing operations.
UPDATE: Carbon Motors chooses Indiana
Carbon Motors this morning officially selected Connersville for its proposed headquarters and
manufacturing operations.
Carbon Motors has chosen Indiana, official says
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.
125 workers at Indianapolis GM plant take buyout offer
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.
Carson vs. Chrysler, round one
U.S. Rep. Andre Carson, D-Indianapolis, is taking on General Motors Corp. and Chrysler Corp. in the name of crash victims.
Boomtown on hold: Recession delays Honda’s full impact on Greensburg
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.
Chrysler challenge was right call for Mourdock
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.
Startup Carbon Motors could create 1,500 jobs
Hoosier economic development officials are working to attract police-car maker Carbon Motors to Connersville.
Subaru plant ushered in new era
Indiana’s $86M incentive package to establish the Subaru plant in Lafayette was initially controversial.