Ivy Tech breaks ground on $14M automotive tech center in International Marketplace
The center will move operations from a building it has operated in for several years at 1331 E. Washington St.
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Asbury Automotive furloughs 215 employees at local car dealerships
Asbury, which has eight Indianapolis-area dealerships, said it’s furloughing 2,300 employees across its 10-state operating footprint due to a sharp drop-off in sales and service revenue.
Gas is getting even cheaper, but motorists have nowhere to go
Demand is weak because so many Americans are under shelter-in-place rules and businesses have been closed because of the coronavirus outbreak.
Greenfield auto parts plant lays off 336 employees in temporary closure
BWI Group—also known as BeijingWest Industries Co.—said the layoffs are necessary because Gov. Eric Holcomb ordered all non-essential businesses closed and because the Ford plants it supplies have shut down their production lines.
Startup’s solution to back pain gaining traction with auto industry
Comfort Motion Global has five patents on a software-based system that uses algorithms to make periodic micro adjustments to automobile seats.
VW plots U.S. truck expansion with $2.9 billion Navistar offer
Volkswagen has offered to buy the rest of Navistar International Corp. to secure a bridgehead in the U.S. heavy-truck market and step up its challenge to Daimler and Volvo.
Holcomb announces $400M Fiat-Chrysler investment, teacher pay plan in speech
According to Gov. Eric Holcomb’s prepared remarks, Fiat-Chrysler will invest $400 million in its Kokomo facility and hinted that an announcement will be made on Friday from Toyota in Princeton.
High-tech mobility company plans lab, 50 high-paying jobs in Westfield
Aptive Plc, a mobility tech company formerly known as Delphi Automotive, plans to open a $9 million engineering lab in Westfield, the city announced Monday night.
Honda spending $4.2M, adding 34 jobs to produce hybrid CR-V in Greensburg
The CR-V Hybrid will be introduced in early 2020 and will be the company’s first electrified sport-utility vehicle in the United States. It is part of Honda’s larger plan to apply its two-motor, hybrid-electric system to all of its core U.S. models in the coming years.
Former Ford, Chrysler CEO Lee Iacocca dies at age 94
Lee Iacocca, the automobile industry executive who helped launch the Mustang at Ford and save Chrysler from bankruptcy, died Tuesday. Amid his successes, Iacocca presided over one of Ford’s greatest fiascoes: the Pinto, which led to a landmark product-liability case in Indiana in 1979.
KAR leader Hallett ‘extremely happy’ with spinoff of IAA business unit
The separation of KAR Auction Services and Insurance Auto Auctions is already creating shareholder value, CEO Jim Hallett said.
Car-sharing company Turo makes local inroads
Similar to peer-to-peer home-sharing platforms, car-sharing apps help individuals make their vehicles available to others for a fee.
Autonomous vehicles to race at Indianapolis Motor Speedway
Later this month some of the world’s best open-wheel race car drivers will look to take the checkered flag at the Indianapolis 500 and guzzle a bottle of milk in the winner’s circle. But one of the big winners this may at the famed Indianapolis Motor Speedway won’t be drinking any milk. That’s because it will be an autonomous car.
Holcomb signs bill that loosens car dealership rules on document-prep fees
Gov. Eric Holcomb declined to say why he signed the law, which allows dealers to charge up to $200 in document fees per transaction. A flurry of lawsuits has been filed against the practice.
Local car dealers hit with flurry of lawsuits over document-prep fees
Most of the area’s largest car dealers are being sued for charging document-preparation fees that appear to violate state law. But Indiana lawmakers just passed a bill to the governor that would legalize the practice.
Local auto group hit with class-action suit over document fee
The complaint alleges that Andy Mohr dealerships have violated the Indiana Deceptive Consumer Sales Act by “engaging in an unfair scheme to charge vehicle buyers an unlawful document preparation fee.”
Cummins testing electric postal vehicles
The delivery vans have an all-electric range of up to 85 miles and can be fully charged in about eight hours.
UPDATE: Lyft’s shares soar as investors bet on ride-hailing future
Lyft’s IPO raised more than $2 billion to use in its heated competition with Uber to woo riders. Uber is expected to make an even bigger splash when it completes its IPO later this year.
Movement afoot to exit city’s 50-year parking-meter contract in 2020
Critics of Indianapolis’ 2010 decision to turn over operations of its parking meters to a private consortium have been counting down the years until their first opportunity to exit the deal.
UPDATE: Georgia firm buying Bill Estes’ four Indianapolis dealerships
The Bill Estes Auto Group, which launched its first dealership 43 years ago, confirmed Wednesday it has agreed to be acquired by publicly traded Asbury Automotive Group.