Carmel-based KAR Auction Services acquires tech startup Stratim
KAR has acquired a San Francisco-based startup that uses technology to help companies manage fleets of vehicles.
Automotive
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Terry Lee Honda in Avon has new owner, name
The buyer is the same publicly traded firm that purchased Hare Chevrolet last year in Noblesville, and it’s interested in collecting more Indy-area dealerships.
Former T2 exec embarks on downtown car club, auto storage project
Mike Simmons has bought the former Chef’s Academy on East Washington Street and is refurbishing the building to appeal to car enthusiasts by adding meeting and event space.
Cities, states seek alternatives to corrosive salt for melting ice on roads
Experts suggest using beet juice, molasses, and even beer or cheese waste to make slick roads safer, in an effort to stop polluting fresh water sources with salty runoff.
Mayor joins critics of downtown north-split interstate plan, seeks new options
Mayor Joe Hogsett is echoing the chorus of community leaders and downtown residents expressing concern with the state’s $250 million plan to revamp the I-70/I-65 interchange.
Indy Chamber joins group advocating for alternative north-split design
The chamber and other coalition members favor options for the interstate project that would be more neighborhood-friendly.
Ambulance service to close doors in Indianapolis, eliminate 82 jobs
The layoffs are expected to take place Feb. 2, according to a notice filed with state workforce development officials.
Chicago-based chain acquires most of Butler Auto Group’s dealerships
Butler is keeping its Butler Toyota dealership, but has sold off its Kia, Hyundai, Fiat, Maserati and Alfa Romeo dealerships to a major regional chain that has rebranded the locations.
BlueIndy car-sharing program striving to be in black by 2020
The BlueIndy car-sharing program is facing a big challenge: How do you succeed when so many potential customers are unaware of, uninterested in, or even intimidated by what you’re trying to sell?
Indiana attorney general urges feds to delay new trucking rule
Under the rule, long-haul truckers would be required to use electronic logging devices to track their hours and miles. Currently, they can use paper logs to do so.
State looks down the road at autonomous vehicles
Gov. Eric Holcomb will ask lawmakers in 2018 to authorize the testing and operation of autonomous vehicles on Indiana roads.
KAR tops quarterly expectations with rising revenue, earnings
The Carmel-based vehicle reseller increased its full-year earnings forecast after seeing a 15 percent increase in third-quarter profit.
Indiana seeks input on spending $41M Volkswagen settlement
Gov. Eric Holcomb on Thursday announced the creation of an 11-member committee that will help determine how to spend the money.
Indy agrees to deal with Carmel to approve 96th Street roundabouts
The Carmel City Council still has to approve the agreement, which would allow the suburb to continue its plan to construct roundabouts along 96th Street at three intersections.
KAR Auction Services planning $80M HQ project in Carmel
The Carmel-based vehicle reseller announced Tuesday that it intends to develop a new corporate campus that includes a 250,000-square-foot headquarters that provides room for 400 additional employees.
North split of I-65/I-70 to receive complete makeover
State officials say the interchange on the northeast outskirts of downtown is 50 years old and reaching the end of its useful life. But project details are still fuzzy.
Celadon sells off its flatbed trucking business
The sale, to Alabama-based PS Logistics LLC, is part of a larger financial turnaround effort at Indianapolis-based Celadon.
Lyft expanding service across Indiana in widescale drive for market share
The expansion is a bold move into unserved areas and a gamble that it can carve new markets out of even the most rural areas that have ride-hailing needs but no consistent service.
Auto-industry stalwarts Cummins and Allison rev up for era of electrification
Industry players find themselves in a precarious spot. If they don’t embrace the electric-vehicle future, they look backward. But if they dive in with excessive exuberance, they risk wasting hundreds of millions of dollars.
Indiana gasoline tax set to start over holiday weekend
Indiana’s gas tax will increase by 10 cents a gallon under House Enrolled Act 1002, which goes into effect Saturday. The tax will jump from 18 cents to 28 cents a gallon.