The auto industry—already fretting lengthy factory shutdowns and depressed new-vehicle demand—is starting to sound the alarm about a potential used-car price collapse that could have far-reaching consequences.
Ireland-based Allegion said it will take actions to streamline its business and cut costs. The company’s North American headquarters is in Carmel.
We check in with firms of all stripes to learn how they’re seeking to persevere—and how some are plotting to gain a competitive advantage when normalcy returns.
The company, which has about 350 employees, makes medical-grade refrigerators, freezers and defrosters for vaccines, medicines, blood products and other perishable medical supplies.
Experts on managing factory production say GM is making an extraordinary effort for a company that normally isn’t in the business of producing ventilators.
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.
The plants would reopen in early or mid-April, restoring the largest source of cash for automakers that generally book revenue when they ship vehicles to dealerships.
The United Auto Workers union has been pushing for factories to close because workers are fearful of coming into contact with the coronavirus.
The closures involve six plants in the United States, Canada, and Mexico, including the company’s Indiana plant in Greensburg.
Increasingly, as the planet warms, pressure is building from environmentalists, investors, consumers and the general public for corporate America to do something about it.
In addition to helping eliminate risks to your operations, being a good environmental steward has many other benefits to businesses large and small. Having a successful environmental stewardship program can boost employee morale, enhance a company’s brand image, promote creativity and innovation among employees, increase community awareness of environmental stewardship and generate cost savings.
General Motors touted an exclusive new battery technology that could propel some of the vehicles as far as 400 miles on a single charge as it tries to capture electric vehicle enthusiasm.
The long-term employee was sentenced to 27 months in prison after she admitted to stealing from the Indianapolis-based company, which makes the famous Bar Keepers Friend line of cleaning products.
ScreenBroidery recently moved from 2,500 square feet of leased space in Castleton to a 15,000-square-foot headquarters and warehouse that it bought and renovated for nearly $1.7 million in Noblesville. And it plans to double its workforce by 2022.
The main manufacturer of a pesticide used for decades on a wide array of crops, including strawberries, corn and citrus, said Thursday it will stop making the product, which some activists have said is linked to neurological problems in children.
The Columbus-based engine-maker said it expects sales to drop another 8% to 12% in 2020, it expects its full-year 2020 revenue to decline between 8% and 12%, mostly because of lower truck production in North America, Europe, China and India
New orders, production and export orders all grew last month. Factory hiring dropped for the sixth straight month but at a slower pace than it did in December.
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.
Consumers bought an estimated 40.4 million used vehicles last year, likely passing the old record of 40.2 million set in 2018, according to figures from the Edmunds.com auto pricing site.
BorgWarner Inc. stockholders are expected to own about 84% of the combined company, with Delphi Technologies shareholders owning approximately 16%
