The automaker will keep open nine of 11 assembly plants—including one in Fort Wayne—to make 56,000 more vehicles
that are in high demand, such as the Buick LaCrosse luxury sedan and the Chevrolet Traverse large crossover vehicle.
Southeastern Indiana company plans to add 25,000 square feet to plant and begin hiring additional employees by the end of
next year.
The upholstered-furniture maker, which operates as Y.K. Furniture, plans to invest $24.3 million to establish its first U.S.
subsidiary. The facility will house assembly-and-distribution operations with about 100 employees.
A cargo trailer maker may close its manufacturing facility in Middlebury, potentially costing 150 workers their jobs.
Excluding transportation, orders actually fell 0.5 percent, the poorest showing in 13 months.
Toyota began manufacturing the Highlander SUVs in November 2000 and has been making between 1,000 to 9,000 gasoline vehicles
a month. In April, it produced about 1,900 units.
The Tipton County Council on Tuesday unanimously approved $13 million in incentives intended to help land a solar power firm
interested in buying the empty Getrag plant on U.S. 31 near Kokomo.
The proposed sites include the Indianapolis Stamping plant on the west side and the former GM Delco Plant 5 in Kokomo.
The $13 million bond would be used to lower the price of the abandoned plant to help lure a company that is considering
manufacturing solar panels at the site.
Investment in transmission and casting plants, however, hinges on city’s ability to offer tax abatement.
Carmel-based CPS Inc. is moving into an existing 64,800-square-foot building and will begin hiring in July.
UAW official says General Motors and prospective buyer are working on a “real aggressive” schedule to have the acquisition
completed by the end of June.
General Motors plans to invest $111 million and add 245 new jobs at a plant in Bedford as part of a larger effort to make
its fleet more fuel-efficient.
A central Indiana county is nearing approval of more than $13 million in incentives in hopes of attracting a company to take
over a sprawling factory that a Chrysler supplier stopped building in 2008.
The specialized vehicle can read license plates, sniff for weapons of mass destruction and see people and animals in
the dark.
The five-year tax break could help bring a new research-and-development program for electric vehicles to Kokomo, creating
118 jobs and saving 72.
Knauf Insulation will idle employees in June for at least six months, as demand for its building products remains soft.
After plummeting along with the rest of the economy, the price of scrap metals is surging upward.
K-Tron will become a unit of the Batesville company. K-Tron shareholders received about $150 per share in cash for their common
stock in the deal, which was announced in January.
Raytheon Technical Services Co. LLC in Indianapolis will develop a new bomb rack for U.S. Navy airplanes under a recently awarded $32.4 million contract.
