Articles

Auto auctioneer KAR sees quarterly profit surge

Carmel-based KAR Auction Services Inc. announced Wednesday that it pulled in profit of $7.3 million in the three months ended Dec. 31, a 38-percent jump from the $5.3 million earned in the same quarter the prior year.

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Wrecker business emerges from sad circumstances

After Tammy and Tony Hanna each lost a parent to cancer, the couple took $175,000 from their parents’ life-insurance policies to start Hanna’s Wrecker Service. It opened in October 2008 with five trucks and 13 employees, and now has seven trucks and 17 workers, and plans to move to a larger site that will allow for additional growth.

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Upgrades planned for Auburn classic auto auction

The new owner of a long-running classic car auction in northern Indiana has announced plans to finish $1.5 million in improvements
to the facility before running its traditional Labor Day weekend sale for the first time.

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Central Indiana aims to become electric vehicle powerhouse

Central Indiana might be in line to tap hundreds of millions of dollars in federal grants and loan guarantees to energize
the rollout of plug-in electric cars and trucks. Both chambers of Congress are considering measures that would require the
Department of Energy to select up to 15 cities nationwide to participate in a national electric vehicle deployment program.

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