KAR Auction Services riding the wave of auto recovery
Early investors in KAR Auction Services are looking savvy. Since November 2012, KAR shares have marched steadily higher, rising from $12.25 to nearly $29.
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Car dealers curtail advertising boasts
Efforts by trade groups such as the Automobile Dealers Association of Indiana—and, more formidably, a recent crackdown by the Federal Trade Commission—have discouraged the use of potentially misleading ads.
PROXY CORNER: KAR Auction Services Inc.
KAR Auction Services Inc., 13085 Hamilton Crossing Blvd., Carmel 46032, is the holding company for ADESA Inc., which operates used-vehicle auctions at 67 locations; Insurance Auto Auctions Inc., which operates salvage auctions at 163 locations; and Automotive Finance Corp., which provides floorplan financing at 104 locations.
Legislators collide over regional mass-transit plan
During a committee meeting Tuesday, Sen. Brent Waltz and Rep. Ed DeLaney crossed swords on a proposal that included widening roads and reforming the IndyGo bus service.
IndyGo to use $10M grant for all-electric buses
IndyGo will use a $10 million federal grant to convert 22 city buses to all-electric power. Each bus will cost about $550,000 to convert and will have a range of about 100 miles.
Commuters cope with downtown Indy highway project
Officials say they didn’t see problems any worse than anticipated Tuesday morning when commuters dealt with the closure of a key section of Interstates 65 and 70. But the afternoon could be a different story.
Speedway to create $14M roundabout next to IMS
The project will connect 16th Street with Crawfordsville Road and Main Street. However, Georgetown Road will be cut off from the intersection and come a dead end.
Indianapolis-area luxury car statistics
Which luxury brands are most popular locally? Where are they most concentrated? How many Teslas are registered? Read on.
Indianapolis luxury car drivers get from point A to point B in style
The working class has Fords and Chevys and Dodges. Many a tooth and velvet Elvis painting has been lost in disputes over which brand is best.
Public-transit guru Bingaman motors for private sector
Ehren Bingaman, executive director of the Central Indiana Regional Transportation Authority, will join architecture and engineering firm HNTB Indiana. He was one of the principal supporters of the mass-transit plan that stalled in the Statehouse this year.
Auto dealers turn bullish, snag sites
Local car dealers are investing in projects ranging from new facilities to showroom renovations as the economy improves and the auto industry rebounds from a crippling slump in sales.
Taxi cab drivers file suit against Town of Speedway
Speedway police improperly seized the licenses of as many as 80 cab drivers on the day of this year’s Indianapolis 500, and later charged them $50 each for their return, according to a federal lawsuit filed against the town.
Indiana presses ahead with I-69’s next section
The company that will build the 21-mile Bloomington-to-Martinsville segment by upgrading existing State Road 37 will sign a public-private deal under which it will arrange its own financing to design and build that stretch.
INDOT will build interchange at U.S. 31 and S.R. 28
Indiana is upgrading and bypassing congested sections of U.S. 31 near Kokomo, South Bend and Indianapolis. When completed, the projects are expected to remove 32 stoplights from the route, cutting a half hour off travel time.
State unlikely to act on push for lower booze level for driving
Federal officials are recommending that states reduce the amount of alcohol people can drink and still get behind the wheel. But a key state lawmaker says that’s not likely to happen in Indiana.
IUPUI students, faculty keep watch on parking issue
Opponents of privatization fear trustees will take action on the controversial issue over the summer.
Governor signs bill limiting specialty license plates
A plan overhauling Indiana's specialty auto license plate system and requiring all groups with plates to sell 500 a year has been signed into law.
Senate budget expected to boost road funding
Local governments and road builders are optimistic that the Indiana Senate’s version of the state budget, set to debut Thursday, will mirror the House’s $500 million increase for road building.
Mass-transit bill hits detour in Senate committee
Members of the state’s Tax and Fiscal Policy Committee voted 12-0 on Tuesday morning to stall legislation that would give central Indiana voters the ability to choose if they want to pay higher taxes for expanded mass transit.
Indiana wraps up deal for Ohio River toll bridge
Toll revenue appropriated by the Indiana General Assembly is scheduled to pay off $1.48 billion in bonds by 2051.